Ever noticed homes disappearing from the market without selling? You're not alone! In Central Ohio, a record 686 home listings have been pulled off the market recently - and surprisingly, this could be excellent news for buyers, sellers, and investors.
In my latest blog, I break down what's really happening behind these "delisted" homes (properties removed from the market before finding a buyer). I'll explain:
Why December 2024 saw a record-breaking 109 delistings in a single month
What's causing this 104% increase in delistings across our market
How this trend creates unique opportunities for everyone in the real estate space
Simple strategies to take advantage of this market adjustment
Whether you're looking to buy, sell, or invest, understanding this "delisting phenomenon" gives you a serious edge while others miss out on the signals. The full blog shares practical tips to navigate this shifting market with confidence.
Click through to read the complete analysis and discover why these vanishing listings might be the market opportunity you've been waiting for!
Homes are taking longer to sell: Now 41 days on the market on avg, nearly a 5 year high.More homes for sale: Overall inventory jumped 20%, and $200-$250K homes shot up 56%.
The steady demand combined with a consistent lack of new listings is contributing to a sustained increase in home prices. As of November, the median sales price stands at $319,000, marking a notable 6.4% increase year-over-year. Earlier in the year, in June, the median sales price peaked at an all-time high of $335,000, up from $298,000 at the beginning of the year. This upward trend follows the typical seasonal patterns observed in real estate markets but also highlights that home prices have not softened compared to the previous year.
Despite high interest rates and elevated home prices, demand continues to exceed supply across most areas, creating a challenging environment for prospective buyers.