Housing market update for Licking County: The crash gets worse

The Licking County real estate market is in a crash.

No, not a physical crash—not yet, anyway. But it's definitely a crash. The county is seeing a sharp decline in available inventory under $250k and a steep increase in available inventory over 250k.

The result? A market that's gone from being affordable to being unaffordable for many buyers. And that's what we call a crash: when prices rise so high that the majority of people can't afford to buy, even though they want to.

Forget about what the headlines say. If you want to know what's really happening in the real estate market, you need to pay attention to what's happening in your neighborhood, not the nation. This is especially true if you're considering buying a home. The real estate market can be challenging, but it's not impossible to find an affordable home in a great neighborhood. You just have to know where to look. The first step is knowing what you can afford. If you haven't done this yet, give us a call today and we'll help you figure out your budget so that when the time comes for you to buy a house, it won't be a stressful experience!