Ohio's home sales activity remains stable in November
The number of homes sold across Ohio in November fell slightly from the pace set during the month a year ago, posting a 1.4 percent decrease, according to Ohio REALTORS.
“The Ohio housing marketplace is continuing to display remarkable resiliency, maintaining stable sales activity and experiencing healthy, upward movement in pricing,” said Ohio REALTORS President Anjanette Frye. “It’s evident – based on our activity levels throughout the year -- that Ohio’s consumers understand and appreciate that housing is a solid, long-term investment.”
“Moving forward, we’re hopeful that we’ll begin to experience an uptick in the number of homes being marketed for sale in order to provide current and would-be buyers even greater opportunities to make the American Dream a reality.”
Sales in November reached 11,672, a marginal 1.4 percent decrease from the 11,833 sales recorded during the month a year ago.
Through the first 11 months of the year, sales activity has improved slightly from the level posted in 2018. Sales from January through November reached 142,156, a 0.3 percent rise from the 2018 level of 141,715 sales.
November’s average home price of $190,476 reflects a 6.5 percent increase from the $178,832 mark posted during the month last year.
Around the state, 16 of the 18 markets tracked reported upswings in average sales price in November, while nine posted gains in sales activity.
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.
CLICK HERE to view a market-by-market analysis of sales activity throughout Ohio.