Ohio Market Watch: Multiple offers slip slightly
By Greg Stitz, Ohio REALTORS Director of Research
For the first time in four years respondents’ are less likely to report that multiple offers in their area are on the increase. The percentage indicating so still reaches 68 percent, but it is less than the 75 percent reported in 2015 and 2016 and much less than the 84 percent reported in October of last year.
According to a recent Ohio REALTORS housing market confidence survey, 68 percent of survey participants have seen multiple offers rise in their area and 20 percent see no change in the amount of offers and 12 percent observe a decrease.
Survey results are based on responses to a monthly survey, designed to capture the effects of the existing economic conditions and trends on the real estate industry, sent to a pool of 1,500 Ohio REALTORS participants. Click here to participate in future Ohio REALTORS Housing Confidence Surveys.
