Ohio
Central Ohio home sales slow as prices, interest rates rise
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COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST) — House gross sales slowed within the first quarter of the 12 months, due to rising dwelling costs and rates of interest.
Over the previous two years, patrons bought roughly 9 of each 10 houses listed, in line with Columbus Realtors. Fewer patrons took benefit of an elevated stock in March.
In 2021, 91% of the houses listed have been offered. In 2020, about 93% of listed houses offered.
Throughout the first quarter of 2022, that common dipped to about 82% and resulted in March at about 74%.
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