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Ohio Market Watch: No change from last year in sellers’ valuation of home to sell

By Greg Stitz, Ohio REALTORS Director of Research

Consistent with June 2016’s findings, about one-third of respondents to Ohio REALTORS’ June 2017 housing market confidence survey indicated their sellers are becoming more realistic when anticipating the value of their homes to put on the market. Also true for June 2016 and 2017 is another one-third indicating their buyers are becoming less realistic. The remaining roughly one-third of respondents for both years finds no change in buyers anticipating the value of their homes to put on the market. Respondents were more likely to indicate buyers were more realistically valuing their homes in June of 2014 and 2015 with percentages of 50 and 41, respectively.

chart of seller valuation

Survey results are based on responses to a monthly survey, designed to capture the effects of the existing economic conditions and trends on the real estate industry, sent to a pool of 1,500 Ohio REALTORS participants. Click here to participate in future Ohio REALTORS Housing Confidence Surveys.

Tags: Ohio Market Watch, research