Ohio Market Watch: Residential appraisals coming in higher
By Greg Stitz, Ohio REALTORS® Director of Research
For the past three years residential appraisals have been coming in higher for more than half of respondents to Ohio REALTORS® housing confidence survey. This April, 59 percent indicated appraisals are coming in higher, which is a few percentage points less than the 62 percent reporting the same last year. Also, 38 percent of respondents to this year’s survey indicate appraisals have stayed the same and only 3 percent are noticing appraisals coming in lower in their area.
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 1,200 Ohio REALTORS® participants. Click here to participate in future Ohio REALTORS® Housing Confidence Surveys.
