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July 9, 2020
FOR IMMEDIATE RELEASE
Contact: Monica Moran, 614.378.2879
Monica.Moran@franklincountyohio.gov
Trends of Higher Prices, Fewer Sales continue, June Real Estate Dashboard Shows
COLUMBUS, Ohio - New June sales data on the Real Estate Sales Dashboard continues to show an increase in median prices but a decline in sales compared to the same month last year, Franklin County Auditor Michael Stinziano announced Thursday.
The updated data shows that June 2020 total sales declined 8 percent, but median sales prices rose 7 percent compared to June 2019. That continues a trend over the last few months: May 2020 sales were down 9.34 percent compared to May 2019, and median sales prices increased by 11.35 percent.
The June total number of sales declined by 302 compared to last June, to 2,090 sales countywide.
“Overall the Franklin County housing market is showing some stability amid the pandemic,” Stinziano said. “Median sales prices rose, but less than they did last month, and sales did decline, but the decrease is leveling off,” Stinziano said.
With each passing month, sales figures will give a more complete picture of the Franklin County Real Estate market, as the transactions will have been agreed upon after the COVID-19 crisis hit, experts have said.
"The June home sales in Franklin County reflect the growing affordability gap in housing in our area. Although overall prices for individual homes are higher than a year ago, most dramatically in Grandview, the number of homes sold is down dramatically. Home ownership is increasingly out of reach for much of our population. The current economic disruption due to COVID-19 will likely depress home sales in the near future," said Mary Beth McCormick, Executive Director of the Center for Real Estate at The Ohio State University.
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 using advanced mapping technology and well-presented, localized information to inform and best serve Franklin County residents and businesses,” Stinziano said.
June sales by the numbers:
- 2,090 total sales
- $205,700 median sales price
- $499.4 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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