Ohio Realtors

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Home sales activity across Ohio cools slightly in June

Jul 23, 2019

The number of homes sold across Ohio in June fell from the pace set during the month a year ago, posting a 5.6 percent decline, according to Ohio REALTORS.

“While activity levels cooled in June, overall our marketplace is keeping pace with the rate of home sales from a year ago,” said Ohio REALTORS President Anjanette Frye. “Equally important, the market posted a continued, steady rise in the average sale price, an indication that buyers understand that housing is a solid, long-term investment.”

June’s average home price of $211,797 reflects a 7.2 percent increase from the $197,639 mark posted during the month last year.

Sales in June reached 14,987, a 5.6 percent decline from the 15,868 sales recorded during the month a year ago.

Around the state, 15 of the 18 markets tracked reported upswings in average sales price, while three posted gains in sales activity.

Through the first half of 2019, sales have nearly matched the pace set during the six-month period a year ago. Sales during the January through June period in 2019 have reached 71,957, a negligible 0.7 percent decline from the 72,480 sales posted during the period last year. The year-to-date total dollar volume of $13.8 billion is a 5.3 percent increase from the mark set during the period in 2018.

Data provided to Ohio REALTORS by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops. Ohio REALTORS, with more than 32,000 members, is the largest professional trade association in Ohio.

To view a market by market analysis of sales activity throughout Ohio and local contact information, CLICK HERE.

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