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Ohio Market Watch: Profession sees upturn in multiple offers

By Greg Stitz, Ohio REALTORS Director of Research

Compared to October 2014, when this question was first asked, 28 percent more respondents have seen multiple offers rise in their area. According to Ohio REALTORS October 2017 housing market confidence survey, 84 percent of respondents have seen multiple offers rise in their area compared to 56 percent in October 2014 and 75 percent in October 2016. This year 13 percent notice no change and 3 percent indicate a decrease in offers.

multiple offers 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