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October 4, 2022
FOR IMMEDIATE RELEASE
COLUMBUS, Ohio – New data from the Franklin County Auditor’s Real Estate Dashboard shows a significant decline in the total number of home sales and in the total sales amount for the month of September, though the median sale price still rose 6%.
The September total sales amount was $412.6 million, a decline of 29% compared to the same month last year. Likewise, the total number of sales was 1,371, a decrease of 705 compared to September 2021. The median sale price increased slightly to $265,000, a 6% increase compared to September 2021.
The numbers show an accelerating trend of a cooling housing market: In August, the total number of sales was 1,696, a decline of 390 compared to August 2021, and the total sales amount declined 13%, to $524.4 million.
“The Franklin County housing market is still solid, though it is mirroring national trends of a market cool-down,” Auditor Michael Stinziano said. “The median price did still rise, showing the continued need for more affordable housing in our community.”
Most municipalities had similar numbers to the county as a whole, but not all of them. In Bexley, the total sales amount increased 29%, and the median sale price rose 25%. And in Canal Winchester, the total sales amount increased 69%, and the median sale price increased 11%.
The Real Estate Dashboard is updated monthly and uses intuitive GIS mapping to show sales activity and statistics for homes across Franklin County. The tool can break down sales data by municipality, school district, or Columbus area commission, giving homeowners a comprehensive view of sales activity in their neighborhoods.
September 2022 Franklin County sales by the numbers:
- 1,371 total number of sales, a decrease of 705 compared to September 2021
- $265,000 median sale price, an increase of 6% compared to September 2021
- $412.6 million in total sales, a decrease of 29% compared to September 2021
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For more information or to schedule an interview with Auditor Stinziano, contact:
Anthony Caldwell, (614) 345-8880
Anthony.Caldwell@franklincountyohio.gov
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