FOR IMMEDIATE RELEASE
TO: All News Media
FROM: Tiffany Meyer. Ohio REALTORS President
Carl Horst, Ohio REALTORS Director of Publications & Media Relations
RE: Ohio’s February 2018 Home Sales
DATE: March 21, 2018
The rate of homes sold across Ohio in February fell 1.6 percent from the level posted during the month a year ago, according to Ohio REALTORS.
“The housing market across the Buckeye State was extremely solid in February, as the rate of sales activity nearly kept pace with the record-breaking level established during the month a year ago,” said Ohio REALTORS President Tiffany Meyer. “Additionally, we’re also experiencing continued gains in the average price, an indication that housing is a solid, long-term investment.
“As we move into the traditional spring home buying season, Ohio’s REALTOR community is hopeful that we’ll see an increase in the number of homes being marketed for sale to meet growing demand,” Meyer added.
February’s average home price of $166,261 reflects an 8.5 percent increase from the $153,228 mark posted during the month last year.
Sales in February reached a seasonally adjusted annual rate of 149,260, a 1.6 percent decrease from the 151,634 level during the month a year ago. The market experienced a 2.2 percent increase in sales from January’s seasonally adjusted annual rate of 146,091.
Around the state, the average sales price increased in 11 of the 18 markets tracked. A total of six markets experienced an uptick in total 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 the methods addressing the organization’s reporting of home sales activity.
To view the Ohio REALTORS seasonally adjusted Ohio home sales report and a market by market analysis of sales activity throughout Ohio and local contact information, go back to Market Data.
(NOTE: There might be a slight variance between the reported number of sales contained in this release and actual activity in the various markets due to OAR’s early reporting requirement. Check with contacts in the particular market.)
Ohio REALTORS Communications Group