As the new year gets underway, the Columbus real estate market is beginning to show signs of renewed activity. While this isn’t a return to the frenzy of past years, it is a healthier, more balanced environment — and one that’s creating opportunities on both sides of the transaction.
In this mid-January market update, we take a closer look at mortgage rates, inventory trends, and what buyers and sellers should be paying attention to right now in Central Ohio.
Mortgage Rates: High 5s Are Back in Play
Mortgage rates have quietly improved since late last year. With the right combination of credit score, loan type, and loan amount, many buyers are seeing rates in the 5.7%–5.9% range, with most conventional loans settling around 6%.
Loan size and structure still matter. Borrowers in lower loan brackets often receive slightly better pricing, while higher balances may carry higher rates. Even so, the consistency we’re seeing in rates is giving buyers more confidence to move forward — especially compared to the volatility of the past few years.
Inventory Has Fallen Sharply
One of the most important shifts in the Columbus market is inventory. Active listings across the metro have dropped to roughly 4,265 homes, down from nearly 5,800 listings just a few months ago.
Many sellers paused during the holidays, and that pause has reduced competition for those who stayed active. As a result, listings that are priced correctly are seeing increased showings and, in some cases, multiple offers.
Days on Market Are Higher — Expectations Matter
Average days on market across the Columbus metro now sit around 100 days, with a median closer to 70 days. This reflects a slower, more deliberate pace — not a weak market.
Homes are no longer selling in hours, but they are selling. Sellers who understand today’s timelines and price accordingly are still finding success. Unrealistic expectations remain the biggest obstacle to getting a home sold.
Buyers: A Balanced Window of Opportunity
For buyers, this market offers something rare — options without chaos. Less competition, more negotiation room, and motivated sellers make this an attractive moment for buyers who are financially prepared.
Many buyers today are “move-up” buyers: selling a first home to purchase their next one. That natural cooperation between buyers and sellers is helping stabilize prices and keep transactions moving smoothly.
Sellers: Why Waiting Until Spring Can Be Risky
While it’s tempting to wait for spring, inventory trends suggest that many sellers may flood the market at once. If another 1,500+ homes hit the MLS alongside normal spring listings, competition could rise quickly.
Right now, Columbus still operates with roughly a two-month supply of homes, which favors sellers. If that supply grows closer to three months, the market begins to tilt toward buyers. Timing and strategy matter more than ever.
A Healthier Market Overall
This is not the extreme seller’s market of the 3% mortgage era — and that’s a good thing. Today’s environment is more stable, more rational, and better for long-term decision-making.
Buyers who can move forward have leverage. Sellers who position their homes correctly still hold an advantage. That balance is what creates sustainable growth.
Thinking About Your Next Step?
If you’re considering buying or selling in Columbus, now is a smart time to understand where you stand. A quick conversation can help clarify options, timing, and strategy — whether that means getting pre-approved, preparing your home, or simply mapping out the year ahead.
When you’re ready, the team at Sell For 1 Percent is always happy to talk things through and help you move forward with confidence.
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