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Tuesday, June 9th, 2020
FOR IMMEDIATE RELEASE
Contact: Monica Moran, 614.378.2879
Monica.Moran@franklincountyohio.gov
May Real Estate Sales Dashboard Shows Continued Rise in Sales Prices
Franklin County Auditor Michael Stinziano released new sales data for May on the Real Estate Sales Dashboard that continues to show a decline in property sales – but an increase in median prices compared to the same month last year.
The data shows that although May 2020 sales are down 9.34 percent compared to May 2019, median sales prices continued to increase, by 11.35 percent, to $206,000.
Overall, total sales declined slightly, from $539,486,279.99 last May to $517,116,170.31 this May.
“Even in the midst of a pandemic, the data continues to show that Franklin County has a robust housing market,” Stinziano said. “Sales did decline, but that decrease is beginning to level off, and median prices continued to rise.”
Sales figures over the next few months will give a more complete picture of the Franklin County Real Estate market, as the transactions are likely to have been agreed upon after the COVID-19 crisis hit, experts have said.
The Real Estate Dashboard is a highly localized web app that shows recent home sales on a GIS map. The tool can display sales data by municipality, school district, or area commission, giving homeowners a better sense of sales activity in their neighborhoods.
“Your Franklin County Auditor’s office is working to inform homeowners and consumers with well-presented, local information about home sales in their neighborhood,” Stinziano said. “We’re using advanced GIS technology to bring the Auditor’s office into the 21st century to best serve Franklin County residents.”
May sales by the numbers:
- 2205 total sales
- $206,000 median price
- $517.116 million in total sales
The dashboard is optimized for both desktop computers and mobile devices, and continues to be updated monthly.
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