Ohio home sales activity dips slightly in October
The pace of homes sold across Ohio in October fell 3.2 percent from the level set during the month a year ago, according to Ohio REALTORS.
“The housing market is continuing to stabilize in Ohio – marked by steady, positive gains in pricing and a consistent rate of sales activity throughout the first 10 months of the year,” said Ohio REALTORS President Tiffany Meyer. “It has become increasingly evident that the desire for homeownership remains strong throughout the state and that Ohioans are confident that a home purchase is a smart, long-term investment.”
October’s average home price of $181,970 reflects a 5.6 percent increase from the $172,293 mark posted during the month last year.
Sales in October reached a seasonally adjusted annual rate of 147,982, a 3.2 percent decrease from the level set during the month a year ago of 152,864. The market experienced a 2.6 percent increase in sales from the September 2018 seasonally adjusted annual rate of 144,217.
Around the state, 14 of the 18 markets tracked reported an upswing in average sales price during the month. Additionally, eight markets posted gains or remained unchanged in the pace of sales.
Click here to view the seasonally adjusted Ohio home sales report and a market by market analysis of sales activity throughout Ohio and local contact information. To view a market-by-market sales report, click here.
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 33,000 members, is the largest professional trade association in Ohio.