As we look into the Central Ohio real estate market for May 2025, several key trends and statistics have emerged, reflecting the dynamic nature of this region. Central Ohio continues to be a focal point for buyers and investors, driven by a robust economy and a growing population.

Home Prices and Sales Volume: In May 2025, Central Ohio saw a moderate increase in home prices, reflecting a steady upward trend observed over the past few years. The median home price in the region reached approximately $350,000, marking a 4% increase from the previous year. This growth is fueled by sustained demand and limited inventory, common themes that have characterized the market.

Inventory Levels: The inventory of homes available for sale remains tight. May 2025 recorded a supply of approximately 2 months, which is slightly below the healthy market level of 3-6 months. This constrained inventory continues to create competitive conditions for buyers, often resulting in multiple offers and homes selling above the listing price.

Days on Market: Homes in Central Ohio are moving quickly, with the average days on market (DOM) hovering around 28 days. This swift pace underscores the high demand and aggressive buyer activity, which is particularly prevalent in popular suburbs and neighborhoods with sought-after amenities and school districts.

Interest Rates and Buyer Behavior: With interest rates hovered around 6.7% - 6.9% in May 2025, borrowing remains relatively affordable, encouraging more buyers to enter the market. The stable rates have also provided current homeowners the opportunity to refinance, leading to increased consumer confidence and spending power.

Key Areas of Growth: Suburban areas such as Dublin, Westerville, and New Albany continue to see significant growth. These areas offer a blend of community appeal, strong schools, and access to amenities, making them attractive to families and professionals. Additionally, downtown Columbus has experienced a resurgence, with new developments and revitalization projects attracting younger buyers and investors.

Commercial Real Estate: The commercial sector in Central Ohio is also experiencing growth, particularly in logistics and technology sectors. This growth is supported by the region’s strategic location and infrastructure, making it a hub for distribution and tech startups.

In conclusion, the Central Ohio real estate market in May 2025 is characterized by rising home prices, limited inventory, and swift sales. Buyers and investors should be prepared for competitive conditions, while sellers can benefit from high demand and favorable selling conditions. The region’s economic stability and development initiatives continue to make it a desirable place to live and invest. As always, consulting with local real estate professionals can provide more personalized insights and strategies tailored to individual circumstances.