The first month of 2019 is in the books and we can see a bit of change in the market for the new year. Coming off of 2018 sales which ranked as the third highest year in real estate sales in central Ohio on record, we’re hopeful of another great year. The stock market was a bit shaky, interest rates went up and inventory continued to decline most of 2018 yet the sales continued and prices went up. This is surely a sign of a growing economy here in central Ohio which doesn’t show any signs of slowing down. Luckily in September we had the first INCREASE in inventory in over 7 YEARS which is a huge pivot in the market. This has and should continue to ease the competitive market for buyers and give those buyers more options. In addition, rates dropped back late last year and has eased the affordability which was on the rise. All in all, the market looks good and the forecast is another great year here in Central Ohio. If you have any questions or would like to discuss buying or selling please don’t hesitate to call me at 614-431-1770 or email me at email@example.com and I’ll be more than happy to help!
If you’re interested in reviewing the 2018 Columbus Board of Realtors Annual Housing Report, click HERE.
See below for Keller Williams Market Research.
February 2019 Market Update (Video is for January, but is current)
According to the National Association of REALTORS®, existing home sales experienced a decrease in December after two consecutive months of increases. While the supply of homes is rising, a growing share of those homes may still be out of reach for some buyers.
According to Freddie Mac, 30-year fixed rates decreased to 4.45 percent in December from 4.87 percent in November. This rate remains well below the historical average of 8.90 percent.
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 4.99 million in December, down from 5.32 million in November, and 10.3 percent below the 5.56 million sales pace from a year ago.
The median home price increased to $253,600 in December, up 2.9 percent from December 2017. The median home price has increased by approximately $7,100 in the past year alone.
There was a 3.7-month supply of housing inventory in December 2018, up since December 2017. The total number of available homes for sale has increased by 15.6 percent compared to December of last year.
Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report.The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.
Erik Hiss 2004013902 Keller Williams Capital Partners Realty Real Estate Professional
Copyright 2019 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated.
REAL ESTATE NEWS Brought to you by Erik Hiss
2019’s Hottest Home Decor By Barbara Pronin
Comfort is trending for 2019, a consensus of home decorators agree, with more people seeking warm colors, intimate spaces and a casual but sophisticated lifestyle.
Designers looking to pair physical coziness with emotional comfort forecast seven decor trends:
Scaled down furnishings – After years of favoring large furniture and open spaces, consumers are aiming for a ‘nesting’ environment and choosing smaller pieces arranged in more intimate settings.
Wall coverings – The return to traditionalism brings with it a return to wallpaper, fabric wall coverings and murals. Expect to see plenty of rich shades of green in fabric and wallpaper patterns.
Color changes – While blues and indigos have been huge in recent years, green is the new blue for 2019 and is likely to be used in everything from upholstery patterns to kitchen furnishings.
Color ‘pops’ – People are ditching beige minimalism in favor of fun colors, especially in family-friendly spaces. Yellow is the hottest color for small accent pieces–from ceramics to lamps to sofa pillows.
Warm woods and traditional styles – Antiques and even second-hand items are having their moment again, with consumers looking for skirted tables, wooden chests and other wood pieces with a sense of history.
Indoor and outdoor fireplaces – The coziness trend favors indoor fireplaces, working or not, with homey hearths as a nice spot to gather. Outdoors, fireplaces are preserving the joy of summertime barbecues.
Crafts and artisanal accents – In a world of increasing mass production, there has been a shift back to artisanal and boutique choices in pillows, wall hangings, quilts and other accent pieces all around the home.
How to Reduce Your Home’s Carbon Footprint
You may work to reduce your personal carbon footprint by driving less and recycling, but do you consider the footprint of your home? Here are some tips to make your home and your wallet a little greener.
Buy efficient appliances. Appliances are getting more efficient every year, and some have better energy and water-use ratings than others. The energy rating of an appliance is easy to find and can be a great guide for those looking to reduce their electricity and water consumption.
Install low-use fixtures. Shower heads, toilets, faucets and other fixtures now come in models that use less water than others. These fixtures can lower a home’s utility bill as well as reduce the amount of water a home uses.
Plant a garden. Plants remove carbon dioxide and give off oxygen. Keeping a garden can help counteract your carbon output, provide a fun hobby and supply you with homegrown vegetables or beautiful flowers. Install a drip irrigation system so that plants get only the water they need.
Landscape using climate-appropriate plants. Local plants are better adapted to the environment, are non-invasive to other species and require less water than outsiders.
Below are the properties I have for listed for sale at the moment. Please review them and see if you know anyone interested in purchasing them…if they are still available!
Do you know of any homes that may be coming up that match the following criteria for my current buyer clients? Or do you own the specific home my buyers need? Call me at 614-431-1770 or email me today! Or visit my website for more info.
1) Up to $200k – 2-3 bedroom NW Columbus outside 270 2) Up to $50k – Linden Rental (rental) 3) Up to $50M – OSU Campus Rental Portfolio 4) Up to $500k – 4 Unit Multi-family 5) Up to $500k – Dublin, Worthington, Powell, Arlington, Grandview 3-4 bedroom – updated 6) Up to $150k – 2-4 unit Rental on the west side of Columbus 7) Up to $425k – Clintonville Ranch 8) Up to $100k – land of at least an acre close to Hilliard and OSU 9) Up to $300k – 2-4 unit in a emerging neighborhood 10) Up to $200k – 1-2 bedroom near South Clintonville 11) Up to $135k – 3 bedroom near Westerville 12) Up to $200k – 2-3 bedroom condo near Clintonville/downtown 13) Up to $140k – 2-3 bedroom near Westerville, Columbus or Worthington 14) Up to $225k – 2-3 bedroom near Merion Village 15) Up to $125k – 2-3 bedroom near Gahanna/Reynoldsburg 16) Up to $100k – 2-3 bedroom w/basement in up & coming neighborhood 17) Up to $275k – 2-4 unit owner occupant duplex 18) Up to $225k – duplex near Souther Orchards 19) Up to $200k – 3-4 bedroom home near 43229
Central Ohio Home Sale Monthly Stats
Click HERE to get the the Columbus Board of Realtors stats and HERE to see how homes are selling in YOUR neighborhood.