News

For media inquiries contact:
Carl Horst
Director of Communications
Phone: (614) 225-6205
eMail: horst@ohiorealtors.org

If you are a member of the media and would like to receive periodic e-mail news releases from OAR about trends and issues in the Ohio housing market, please complete the media contact form.

To be removed from the e-mail distribution list, please send an e-mail to MaryAnn Sullivan at sullivan@ohiorealtors.org and enter “unsubscribe media list” in the subject line.

Ohio Home Sales Statistics
Since 2001 OAR has 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 OAR monthly by Multiple Listing Services in Ohio, representing at least 95 percent of MLS activity in Ohio within any given month. If you have questions regarding the data please contact Research Director Greg Stitz at stitz@ohiorealtors.org.

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.

Confidence Index
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 OAR 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.

NAR News Releases