Introduction To Columbus Ohio Real Estate Market
The Columbus Ohio real estate market remains hot for investors and buyers alike in 2019. The real estate statistics in Columbus show us that while the construction is increasing, inventory is still scarce because of demand in those cities. This is causing the price increase of Columbus real estate. Columbus, Ohio is the 14th largest city in the U.S. It is home to almost nine hundred thousand people. Forbes reported in 2018 that Columbus is a rare Midwest success story, a “Rust Belt” city that has truly transformed itself and has begun growing again. It is the only large northern city to grow by more than 10% between 2010 and 2018. Compare this to many northern cities continuing to hemorrhage people, whether they are moving to the suburbs or the south.
This makes the Columbus housing market much healthier than Cleveland, Detroit and smaller Ohio cities from which it has drawn population. The Columbus Ohio real estate market is actually bigger than many think. Take the suburbs into account, and the Columbus housing market encompasses around two million people. It is the second largest metro area in the state. We shall give you some Columbus Ohio real estate statistics, such as median home prices and available inventory, which will help you understand the way the local market moves in this region.
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