THE MARKET UPDATE March 11, 2025

THE MARKET -MARCH 2025

THE MARKET..
For Columbus, the Average Sale Price for a home went up to about $342,000 in 2025 an increase of 3.3% from 331,000 in 2024. The inventory of homes for sale went up about 1000 homes to 3880 in 2025 from 2890 in 2024. This is probably due to the interest rate being up at 6.8% starting in 2025. When the interest rates goes up, the monthly payment goes up. Since last week the interest rate was down to 6.5%. So for every 10,000 dollars that will mean the monthly payment would be $65 ($10 saving/ 10000). On a home selling 300000, the payment would be about $1950 before taxes and insurance. This will be $300 saving on that home.
A buyer make save at this time. So, contact me to see what you can do.
MYLIFE November 21, 2024

MyLife

I grew up in Columbus. I have been in the real estate business for about 25 years. I have a wealth of knowledge and expertise to help you to sell your home.  I have a little speech impairment that is caused by a disability. I can show homes to potential buyers like normal.  This disability has not held me back. I have attained a B.S in Accounting and Finance with a minor in Computer Science from Ohio Dominican University and an MBA in Administration from Central Michigan University.

This knowledge supports me in relating to the customers what to expect in the home selling or buying processes, what the market conditions and current rates are. To present to the customers my value, the homes’ values, and the current market’s values. Compare your home’s value to these values.

Let’s sit down together and talk and discuss expectations and a plan to sell or buy that perfect home. Contact me at Belinda.Spruill@CBrealty.com  or 614-477-0223. Looking forward to meeting you. 

Belinda Spruill