Meet the Board

Westerville's real estate market is a hot one, simmering with steady price increases and competitive offers. The median home price is inching towards $400,000, having climbed over 5% year-over-year. Homes typically spend just a month on the market before receiving multiple offers, making it a seller's paradise. While single-family homes dominate the landscape, new construction developments are adding some variety, with both townhomes and larger family-sized options popping up. Overall, Westerville's strong job market, family-friendly atmosphere, and proximity to Columbus keep its real estate scene buzzing. So, whether you're a seasoned investor or a first-time buyer, be prepared for a brisk and potentially rewarding ride in this thriving market.

The Central Ohio real estate market remains a dynamic scene, though its pace has shifted slightly. While 2023 saw consistent price increases and rapid sales, rising interest rates in late-year brought some moderation. Homes still sell relatively quickly, averaging around 23 days on the market, but the once-fierce competition has cooled somewhat. The key challenge remains limited inventory, a factor influencing sustained price growth, particularly in areas boosted by major projects like Intel's expansion. Overall, the market, while not as blistering as last year, still presents solid opportunities for both buyers and sellers, though careful consideration of interest rates and inventory conditions is essential.

                                                                   Rob Pemberton