The Columbus real estate market is ever-changing, and keeping up with the latest trends is essential for brokers and agents who want to stay ahead of the curve.
If you have listings in Columbus, Ohio, knowing what’s hot in a cooling market can ensure your business remains steady in uncertain times. If you haven’t expanded into these market areas yet, consider focusing your efforts on them for the remainder of 2022. Keep reading to learn five of the biggest market trends in 2022.
Top five market trends in 2022
1. The rise of suburban living
More and more people are moving to the suburbs in search of larger homes and more space. This trend is being driven by families with young children who want to have a backyard and be close to good schools.
Suburban areas like Dublin, Upper Arlington, and Worthington are becoming increasingly popular among homebuyers.
2. The popularity of multi-generational living
With the costs of housing and childcare on the rise, more families are choosing to live together under one roof. This trend is especially popular among Millennials struggling to save for a down payment on a home of their own.
3. The growth of the luxury market
As the Columbus economy continues to strengthen, there is an increasing demand for high-end homes. Luxury buyers are willing to pay top dollar for features like gourmet kitchens, heated floors, and home automation systems. Fourth North in Downtown Columbus is one neighborhood catering to luxury buyers.
4. Rental market growth
One of the biggest trends in the Columbus real estate market is a shift toward rentals. More and more people are moving to Columbus for work, and they’re choosing to rent rather than buy.
This is especially true for young professionals just starting out in their careers. The rental market shows no sign of slowing down, so it’s a great time to consider picking up a rental listing.
5. Increase in investment properties
Another trend we’re seeing is an increase in investment properties. More people realize that Columbus is a great place to invest in real estate, and they’re looking for properties that will appreciate over time. There are a few reasons for this:
- Columbus is a growing city with a lot to offer
- The cost of living is relatively low
- There’s a lot of potential for rental income
If you’re considering investing in the Columbus real estate market, now is a great time to do it!
How Virtuance can help you master the Columbus real estate market in 2022
The Columbus real estate market is constantly changing, and it can be tough to keep up with the latest trends. However, by staying informed, you can be sure that you’re ahead of the curve.
Another way to get a leg up on your competition in Columbus? Using Virtuance for your Columbus real estate photography! Virtuance helps real estate professionals win more listings and sell them faster. Using HDReal® technology, our real estate photography is proven to capture 2x more attention. Whether you have a single-family rental or luxury property, we do it all!
