Ohio home sales hold steady in February
Activity across the Ohio housing marketplace stabilized in February, as sales matched the level reached during the month a year ago, according to Ohio REALTORS.
Homes sales in February 2022 reached 9,382, identical to the level of sales recorded during the month a year ago. The average sales price across Ohio in February reached $235,359, an 11.9 percent increase from the $210,379 mark posted during the month in 2021.
“The Ohio housing marketplace continued to exhibit resiliency in February, as sales activity mirrored the levels of a year ago combined with a notable uptick in pricing,” said Ohio REALTORS President John Mangas. “While the foundation of the Ohio market is solid, we’re continuing the confront the challenges of decreased inventory levels of homes for sale in many markets combined with brisk activity of would-be buyers seeking to take advantage of favorable interest rates.”
Around the state, all 15 of the markets tracked experienced an increase in average price for the month compared to February 2021. Additionally, 10 local markets showed an increase or were unchanged in sales activity compared to a year ago.
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 36,000 members, is the largest professional trade association in Ohio.
CLICK HERE for a market-by-market analysis of sales activity throughout Ohio.