© 2022 Cincinnati Public Radio
Connecting You to a World of Ideas
Play Live Radio
Next Up:
Available On Air Stations
Ohio News
As a new strain of coronavirus (COVID-19) swept through the world in 2020, preparedness plans, masking policies and more public policy changed just as quickly. WVXU has covered the pandemic's impact on the Tri-State from the very beginning, when on March 3, 2020, Ohio Gov. Mike DeWine barred spectators from attending the Arnold Sports Festival in Columbus over concerns about the virus, even though Ohio had yet to confirm a single case of COVID-19.

Residential Real Estate Market In Ohio Robust Despite Pandemic

The COVID19 pandemic has hurt a lot of businesses but not the residential real estate market in Ohio. And there are a couple of factors that are at play here.

Ohio Board of Realtors President Chris Reese says she’s never seen a real estate market like this one.

“Low, low inventory, a high demand because the interest rates are so low. Many banks are under 3% and that’s just a record that we haven’t seen," Reese says

Reese says more listings are needed statewide to keep up wuth demand. She says some properties are in contract within hours of being listed. She says in 2007, there were 26,000 listings in Central Ohio - there are 2,600 now.

Copyright 2020 The Statehouse News Bureau