I compiled this chart to shows how the number of Columbus HUD homes has changed since the beginning of the year for 3 different price brackets. It’s rather interesting.
As you can see, the number of “high end” HUD listings, mostly homes in the suburbs, has declined since its peak in March. The number of less expensive Columbus houses, mostly fixer uppers, has steadily increased.
Why these 3 price brackets?
They indicate the 3 levels of earnest money deposit required by HUD. For houses listed for $50K or less (green) the deposit is $500, for $50K to $100K it’s $1,000 (blue) and for homes listed above $100K (red) the required earnest money deposit is $1,500.
Listing Statistics
Total homes available: 186 (last week: 173)
Owner occupants: 101
All bidders: 85
New listings: 28
Sunday deadline: 45
Relisted/Price reduced: 28
Median Price: $70,000 (last week: $71,200)
Average Price: $71,394 (last week: $70,145)
Highest: $196,000
Lowest: $9,000
Homes less than $50,001: 68 (last week: 66)
Between $50,001 & $100,000: 77 (last week: 74)
More than $100,000: 41 (last week: 33)
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Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650
