Home prices across Ohio continue to increase heading into 2024. However, markets such as Columbus and Cincinnati are starting to look overvalued. Could a Housing decline hit Ohio Real Estate in 2024?
Access Data on Reventure App: [ Ссылка ]
For that to happen inventory on the Ohio Housing Market would need to increase, with inventory levels currently about 25% below the long-term norm. So long as inventory remains low, it will be difficult for prices to decline.
But if inventory does increase in 2024, and there are more homes for sale, prices could drop quickly given that many parts of Ohio's housing market are 15-20% overvalued. Those overvaluation levels are roughly average compared to the rest of America.
---
REVENTURE APP: [ Ссылка ]
Access Exclusive Data and Videos as a Channel Member: [ Ссылка ]
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. [ Ссылка ]
Additional stock footage provided by Envato Elements. [ Ссылка ]
