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TO:  All News Media

FROM: Ralph Mantica, Ohio REALTORS President, 937.776.5055
  Carl Horst, Ohio REALTORS Vice President, External Affairs, 614.225.6205
RE: Ohio’s April '23 Home Sales
DATE: May 18, 2023

(News Release in .pdf format)

The number of homes sold throughout Ohio in April fell from the pace set during the month a year ago, while average prices continued to climb, according to Ohio REALTORS.

Homes sales in April 2023 reached 10,094, a 20.9% decline from the 12,763 sales recorded a year ago. The average sales price across Ohio in April reached $268,257, a 4% increase from the $258,000 mark posted in April 2022.

“Activity in the Ohio housing marketplace is continuing to lag sales from a year ago, as we continue to confront tight inventory levels of homes listed for sale and a higher interest rate environment,” said Ohio REALTORS President Ralph Mantica. “That said, the continued rise in average price strongly indicates that consumers understand that housing is a smart, long-term investment.

“Ohio’s REALTORS are poised to help sellers and buyers navigate the challenges of today’s real estate marketplace and achieve their unique housing goals.”

Around the state, 12 of the 15 of markets tracked experienced an increase in average price for the month compared to April 2022. Additionally, only one local market showed an increase in sales activity compared to a year ago.

View 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 37,000 members, is Ohio's largest professional trade association.

(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 Ohio REALTORS early reporting requirement. Check with contacts in the particular market.)

Ohio REALTORS Communications Group