The hottest real estate market in Central Ohio continued to burn hotter than the record-setting temperatures in July.
Powell, Ohio’s real estate market is so hot that both the single-family (3.81) and condominium (3.0) markets are now under four months of active inventory for sale.
The single-family market has cooled a bit, but mostly due to an increase in inventory as Powell, Ohio now boasts 210 active listings. In July, 55 homes sold with an average sales price of $336,904 ($117.93 per square foot) after being on the market for 88 days. The range in Powell, Ohio was from $94,000 all the way up to $920,000 and equally as diverse in square footage ranging from 1,124 up to 6,034.
For the second-consecutive month the condominium market in Powell, Ohio showed an amazing upturn with 20 sold units averaging $195,177 or $99.65 per square feet. The price ranged from $70,000 all teh way up to $410,000 on units ranging in size from 1,040 to 3,257 square feet. The active market continued to shrink with only 60 active listings in Powell, Ohio ranging in price from $79,900 all the way up to $725,000 and averaging $229,758.
Toby Boyce (#2006004451) is a licensed real estate agent in the state of Ohio and works under the Triumph Realty brokerage. The information provided on this Web site should not be construed as offering legal, real estate, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. Investment, mortgage, real estate, or financial services or strategies mentioned throughout this Web site may not be suitable for you. All posts and/or comments on this site is the property of the author and should not be taken as an endorsement or advice for your particular situation. Please consult a local professional before making any decisions.
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[...] inventory has moved under three months of active inventory! The area saw a drop of 0.89 units over July’s numbers to 2.92 months of [...]