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Tuesday, December 15, 2020
FOR IMMEDIATE RELEASE
Contact: Monica Moran, 614.378.2879
Monica.Moran@franklincountyohio.gov
Increases Continue in Home Sales, Median Sale Price, November Real Estate Sales Dashboard Shows
COLUMBUS, Ohio – Updated data from the Real Estate Sales Dashboard shows the number of home sales and the median sale price both increased in November compared to the same month last year, continuing a trend from last couple of months, Franklin County Auditor Michael Stinziano announced Tuesday.
The new dashboard data shows that the number of sales in November increased by 14 compared to the same month last year, to a total of 1,914 property sales. The total sales amount was $469.6 million for Franklin County – up 14 percent from November 2019.
“As we enter the holiday season the Franklin County housing market is still a hot market,” Auditor Stinziano said. “Every housing metric continues to increase, as has been the case for months now.”
In addition, the median sale price in November 2020 rose to $210,000, up 13 percent from November 2019.
The median sale price increase continues a trend since at least May: compared to the same month last year, the October media sale price rose 18 percent, September median sale price rose 14 percent, the August median sale price rose 15 percent, the July median sales price rose 9 percent, the June median sale price rose 7 percent, and the May median sale price rose 11.35 percent.
For this year, total transfers are on track to eclipse the 2019 numbers. Through Dec. 1, there have been a total 34,530 total transfers in 2020, compared to 37,866 total transfers for the whole year of 2019.
The rise in sales and median price comes as the Auditor’s office has completed the Triennial Update, which updated property values for every parcel in the county. Property owners who still disagree with their property values can now file a challenge with the Franklin County Board of Revision (BOR), which can adjust property values. The deadline to file a complaint with the BOR is March 31, 2021. For information on the Board of Revision and the complaint process, visit www.franklincountyauditor.com/real-estate/board-of-revision.
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 GIS technologies to help Franklin County residents and businesses see housing trends in their neighborhoods,” Stinziano said.
November sales by the numbers:
- 1,914 total sales
- $ 210,000 median sale price
- $ 469.6 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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