Will the Real Estate Market Crash in Columbus? | Columbus, Powell, Dublin REALTOR® Patrick Murphy

Intro:

Every few months, someone predicts another housing crash — but if you’ve been paying attention to Columbus, you know our market doesn’t play by national rules. While headlines talk doom and gloom, Central Ohio has been quietly outperforming expectations.

So, will the real estate market crash here? Let’s separate fear from fact.

1. The Headlines Don’t Tell the Columbus Story

Most national housing reports lump every city together — but our market is driven by job growth, population influx, and tight inventory.

Even when rates rise or buyer activity cools nationally, Columbus keeps moving thanks to:

  • A diverse local economy (tech, healthcare, education)

  • Major employers expanding in the area (Intel, OSU, hospitals)

  • Consistent migration from higher-cost states like New York, Illinois, and California

That combination keeps demand steady and prices resilient — not inflated.

2. Inventory Is the Safety Net

A “crash” requires a flood of listings and not enough buyers — the exact opposite of what we’re seeing.

In neighborhoods like Powell, Dublin, and Westerville, there’s still less than 3 months of inventory, far below what economists consider balanced.

Until that number rises significantly, prices may adjust slightly, but a collapse? Not likely.

3. Price Corrections ≠ Crashes

Yes, prices can dip seasonally or when mortgage rates fluctuate — but that’s normal. It’s a market recalibration, not a meltdown.

What we’re seeing right now is more balance: buyers have time to think, and sellers who price realistically still win.

If you bought smart, maintained your property, and worked with a local pro, you’re in a solid position — even if the national market hiccups.

4. Local Demand Remains Strong

People aren’t leaving Columbus — they’re moving to Columbus.

With steady job creation, top-rated schools, and master-planned communities like Evans Farm, families and professionals continue to see Central Ohio as a long-term bet.

Unlike overheated coastal markets, we’re still affordable and growing.

5. What Smart Buyers and Sellers Should Do Right Now

  • Buyers: Don’t wait for a “crash” that probably won’t happen. Focus on affordability, not headlines.

  • Sellers: Price for today’s market — not last year’s peak — and you’ll move quickly.

  • Investors: Look for steady, not flashy. Columbus rental demand stays strong year-round.

The truth? The Columbus market isn’t about to crash — it’s just maturing.

CTA:

👉 Thinking about making a move in Columbus?

Let’s look at real data and build a strategy that fits your goals — not the headlines.

[Contact Patrick Murphy, Realtor — Columbus Market Expert]