US Housing Market Shows Resilience with Rising Sales Despite February Dip.

Columbus has been ranked as the fifth-hottest housing market in the US by Realtor.com, despite a dip in home sales in February compared to last year. The average sales price for a Columbus home in February was $315,808, increasing 6.5% from February 2022. Inventory in central Ohio has remained consistent, with the current inventory of homes for sale sitting at around 2,315, marking a 50% increase over where the market stood in 2022. Mortgage rates raised consistently throughout February, with the average rate on a 30-year fixed mortgage starting at 6.09% and ending at 6.65% at the end of the month.