Ohio Realtors Logo

Home Sales News Release

Sellingbuyinghome

TO:         All News Media

FROM:   Tiffany Meyer, Ohio REALTORS President, 419.289.2600

Carl Horst, Ohio REALTORS Director of Publications & Media Relations, 614.225.6205

RE:         Ohio’s August 2018 Home Sales

DATE:    September 20, 2018

The pace of homes sold across Ohio in August reached a best-ever level for the month, increasing a marginal 0.1 percent from the prior record rate posted a year ago, according to Ohio REALTORS.

“The Ohio housing market remained hot in August, as the rate of sales reached record levels,” said Ohio REALTORS President Tiffany Meyer. “Equally important, the
marketplace continued to show steady gains in the average sales price, an indication that consumers understand that housing is a solid, long-term investment.

“Ohio’s REALTOR community remains hopeful that the marketplace will experience an uptick in the number of homes listed for sale in the coming months to ensure that the positive momentum that been established in terms of sales activity and pricing will continue moving forward.”

August’s average home price of $188,898 reflects a 5.6 percent increase from the $178,836 mark posted during the month last year.

Sales in August reached a seasonally adjusted annual rate of 151,360, a slight 0.1 percent increase from the prior best-ever rate 151,136 reached during the month a year ago.

The market experienced a 0.5 percent decrease in sales from the July 2018 seasonally adjusted annual rate of 152,091.

Around the state, 13 of the 17 markets tracked reported an upswing in average sales price during the month. Additionally, 9 markets posted gains in the pace of sales.

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.  The methods addressing Ohio REALTORS reporting of home sales activity is available at www.ohiorealtors.org.

Refer to the following pages for Ohio REALTORS seasonally adjusted Ohio home sales report, as well as a market by market analysis of sales activity throughout Ohio and local contact information.

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. The methods addressing Ohio REALTORS reporting of home sales activity is available at www.ohiorealtors.org.

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.

(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