Data and Statistics
Ohio Home Sales Statistics
Since 2001, Ohio REALTORS have kept an ongoing record of home sales in Ohio. The latest figures are added to the site around the 20th of each month. Existing home sales data represents reported closings for new and existing single‐family homes and condominiums/co‐ops. The data is provided to us monthly by Multiple Listing Services in Ohio, representing at least 95 percent of MLS activity in Ohio within any given month.
Pending Home Sales
The Pending Home Sales Index (PHSI) provides advanced information on future home-sales activity. Specifically, pending home sales become existing-home sales one-to-two months later so the PHSI can be used to predict actual home sales activity.
The index is based on a sampling of Multiple Listing Service pending sales activity in Ohio, typically representing slightly above or slightly below 68 percent of transactions for existing-home sales.
To create the index, current pending home sales are compared to pending home sales in 2008. 2008 is used as a base year because it marks the end of five consecutive record years for existing home sales and the onset of the recession. 2008 home sales activity coincides with a level that is historically healthy. A PHSI score of 100 is equal to the average level of contract activity during 2008.
The REALTOR Confidence Index measures the strength of the current housing market, expectation about the future housing market and expectations for future home prices. The three indexes are based on monthly responses from surveys sent to a pool of 1,500 participants.The survey questions are designed to capture the effects of existing economic conditions and trends on the real estate business. The index provides a snapshot of REALTORS’ experiences, sentiments and expectations of their counterparts.