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June 11, 2021
FOR IMMEDIATE RELEASE
Contact: Monica Moran, 614.378.2879
Monica.Moran@franklincountyohio.gov
Home Sales Decline Slightly, but Prices Continue to Increase in May Dashboard Data
COLUMBUS, Ohio – Home sales decreased for the first time in months, while prices continued to rise, according to data from the May Real Estate Sales Dashboard, Franklin County Auditor Michael Stinziano announced Wednesday.
The new data shows the May total sales amount for Franklin County decreased 4 percent to $494.6 million compared to May 2020. The May median sale price increased 12 percent compared to the same month last year, to $229,900.
“Despite a lack of inventory, the Franklin County housing market remains robust,” Stinziano said. “Home prices continue to increase, which is good news for what for many homeowners is the largest investment they have.”
The May data comes as the Board of Revision prepares to accept complaints from business property owners and other owners who feel their property value has been directly affected by the COVID-19 pandemic, pursuant to a new state law.
Property owners who have already filed a standard complaint to the board are permitted to file an additional complaint during a special filing period from August 3 to September 2 regarding COVID-related property value changes. The new legislation had been sought by Auditor Stinziano to help businesses that have suffered losses caused by the pandemic.
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.
May sales by the numbers:
- 1,891 total sales
- $ 229,900 median sale price
- $ 494.6 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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