Columbus House Hunting – How Many Homes Will Be Coming on the Market?

I have buyer clients who are open to homes in Worthington, Clintonville, Olde Towne East, Bexley, Berwick and Eastmoor. We’ve been looking at homes here and there for probably just over a month or so and the perfect home hasn’t been on the market quite yet.

screen-shot-2017-01-26-at-11-16-12-amIt’s OK. Looking is immensely educational for buyers, especially when they’re with me. It’s educational for me too. I can’t see enough homes – it helps me to form my thoughts regarding value, helps me to counsel sellers on what to do and what not to do and provides talking points for making suggestions to buyers.

My Buyers asked, as an exercise in knowing what to expect going forward, how many homes might be coming on the market over the coming months. This would be especially helpful knowledge in an environment where there is so much talk about the scarcity of homes on the market.

I present my findings to you here so that if you, or someone you know, plan to be house-hunting between now and the end of the summer, you can also have an idea of what to expect. The obvious disclaimer here is that no one can predict the future and past performance is merely the best indicator of what to expect going forward.

See the map above to understand EXACTLY what areas I’m talking about and see below to see exactly what criteria I’m talking about – If you can buy a more expensive home or if you are ok with a condo or 2 bedroom home, then this does not apply to you.

Single family homes coming on the market with at least 3 Bedrooms Between $149,000 – $375,000.

Jan Feb March April May June July Aug Feb-June Total
2016 35 60 75 103 82 122 84 67 593
2015 42 54 66 75 94 91 91 90 561
2014 43 53 85 87 97 108 84 80 594
3 year average 40.00 55.67 75.33 88.33 91.00 107.00 86.33 79.00 582.67
What are my takeaways from the above? There are several:
  • Every month, every week, sometimes every day, a home that you might like comes on the market
  • These homes come on the market all the time – even (especially) when it seems like there is “nothing” out there to look at.
  • Be patient
  • Hmmm, maybe there isn’t a concrete shortage of sellers now, last year and in 2015. Maybe there’s an over abundance of buyers?

What are your takeaways?

A matter of perspective

It’s ALL a matter of perspective – and that’s where a good realtor comes in and helps provide just that.

Call me at 614-940-9100 to discuss your own house hunting questions, goals and observations.

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