Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

THE MARKET UPDATE • March 11, 2025

THE MARKET -MARCH 2025

by Belinda Spruill
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.
Related Articles
THE MARKET UPDATE Major housing expert predicts huge housing market reset in 2025 Major housing expert predicts huge housing market reset in 2025 – TheStreet Caitlin Cahalan has written a good article on the changing status from seller’s market, with higher prices on homes falling to a buyer’s market. Read on how to navigate the changes.  
THE MARKET UPDATE The Market – Earth June 2025
THE MARKET UPDATE The Market – USA June 2025

Coldwell Banker - New Albany/Gahanna

© 2025 Coldwell Banker Real Estate LLC

Terms Of Use | Privacy Policy

Accessibility Statement | Fair Housing Notice

© Coldwell Banker 2023 – 2025. All Rights Reserved. Coldwell Banker and the Coldwell Banker logo are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.