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Ohio Market Watch: Most Ohio homes off the market within 40 days

By Greg Stitz, Ohio REALTORS Director of Research

As inventory levels dropped over the past three years, so did the average number of days listings spend on the market. In 2015, 44 percent of respondents to Ohio REALTORS August housing market confidence survey indicated their listings were staying on the market for an average of 40 days or less. In 2016 the percentage grew to 55. This August, 70 percent of respondents indicated their listings on average are off the market within 40 days.

days on the market chart

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