The demand for homes in Ohio has shown no signs of slowing down. Homes are selling faster than ever and there are more buyers looking in the market than sellers. Buyers are pressured more than ever to offer well above the asking price. The average home sells in about 11 days after hitting the market.
Housing inventory is actually at an all-time historic low in Ohio. Many have thought to wait this out until the market cools down but as time goes by it just goes to show that the market is not cooling off and you may be waiting a while, especially if you are a first-time buyer. The average sale price of a home in 2021 has been up 15% compared to the same time last year. This has affected all of the Ohio metropolitan areas and the remote parts of Ohio as well.
The Columbus real estate area is known to have the most expensive housing and its average home sale price is currently around $300,000. Cincinnati is the second largest area and it has an average home sale price around $280,000. There were more homes purchased in 2021 so far than in 2020, even with the low inventory on the market. Sales are up 10% from last year. While there aren't any signs that the market will cool off, there are some signs that it might stabilize. It is predicted that home prices will not drop even as things move back to a normal state.
Much of this hot market has to do with the low mortgage rates as well as families looking to move out of higher-taxed...
Dublin Ohio has some of the most amazing and gorgeous public parks in all of central Ohio. Here are just four of the most amazing parks you can find and visit for free in Dublin.
Ballantrae is one of Dublin’s most popular parks, and for good reason. The park features green sloping hills, impressive boulder rock walls, treed areas, and 32-acres of outdoor space. This park serves as the entrance to the Ballantrae residential community. This is one of the most popular residential areas of Dublin with around 1000 homes. The park features a 3.5-acre fishing pond and gorgeous waterfalls along with a public play fountain with water toys. One of the most iconic features of the park is the large statue of three dancing hares (rabbits), a work of art by internationally known artist Sophie Ryder. This park is home to the Dublin Municipal Pool that has waterslides, toys, diving boards, and a large leisure pool.
At the town center, you’ll find Coffman Park. This park spans 105 acres and is home to the Dublin City Hall as well as an impressive historic cabin built in the 19th century, an outdoor amphitheater, a recreation center, escape park, two playgrounds, several shelter houses, two basketball courts, and five tennis courts. Being that this park is right in the center of Dublin it is host to several of the fun community festivals all through the year including the Kiwanis Frog Jump and the Halloween Spooktacular, as well as the Sherm Sheldon Fishing Derby, and the Dublin Irish Festival...
Are you ready for your first or even second investment property? Are you interested in investing in Ohio? With the current climate of the United States, there are several investment opportunities and Ohio is one of them. Is Cleveland a good city to invest in? Yes! Here is why. The Ohio housing market is hot. Ohio is the seventh-most populous state in the country.
Ohio is Booming
It is also rated as one of the best states for business with a low cost of living, great schools, and a lot of recreational activities. The housing market has taken off because of population growth, job market growth, and affordable housing. These are some of the top indicators you want to see when you are looking to invest. Over the last ten years, about 11 million people are said to reside in Ohio.
Cleveland was known as a has-been market but that has had some turnaround. It is now known to have several opportunities for residents and investors. This market is having a huge rebound. It is known right now as one of the top U.S. markets for new listings. The median home price in Cleveland is $113K and it's trending at 3.7% year over year. The median price per square foot is $68. The median sale price is $123.5K. Homes are selling at asking prices and sell on an average for 56 days.
When you're looking to invest you want to know the rental forecast as well. Cleveland is mixed between owners and renters. The average rent for a 1 bedroom is around $1,300 and this is a 12% increase from the prior year. The average rent for a studio in Cleveland is around $925. The average rent for a 2 bedroom apartment is around $1,500.
The most expensive neighborhoods in Cleveland are Glenville,...