Mortgage costs have reached a 14-month high nationwide, with the typical monthly payment now at $2,600 by late Q3. For those navigating today’s market—whether first-time buyers, growing families, or investors—the pressure is real as median home-sale prices remain steady, up about 2% year-over-year to roughly $399,000. This has made affordability a bigger hurdle and contributed to pending sales staying mostly flat month-over-month and down compared to last year.
Mortgage-purchase applications dipped a bit recently. While new listings dropped month-over-month (likely a result of the holiday season), they’re still just above last year’s numbers. Seller strategy has become even more critical: about 21% of active listings made price cuts, and sharper pricing often draws more buyer attention, while overpricing can lead to hesitation. Inventory has also improved slightly, with active supply up around 2% year-over-year to 1.5 million homes—pushing supply near four months, although we’re still not in balanced territory.
In Central Ohio, I see these national trends play out locally, and thoughtful strategy is more important than ever. My approach is to use data-driven insight and a client-first mindset to guide you—whether you’re considering a new build, resale, or investment. Navigating these shifts together, we can find the opportunities that fit your goals and protect your interests for the long term.
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