Home sales activity across Ohio cools slightly in January

The rate of home sales across Ohio cooled a bit in January, dropping 3.3 percent from the month’s best-ever level posted during the month a year ago, according to Ohio REALTORS.

“The start of a new year shows the Ohio housing marketplace becoming more balanced, with the month reaching the third highest rate of sales activity and posting healthy gains in average pricing,” said Ohio REALTORS President Tiffany Meyer. “Ohio’s professional REALTORS are poised to help consumers navigate through the complexities of the home buying and selling process to achieve the goal of property ownership.”

January’s average home price of $161,897 reflects a 4.8 percent increase from the $154,474 mark posted during the month last year.

Sales in January reached a seasonally adjusted annual rate of 146,091, a 3.3 percent decrease from the month’s previous best-ever level of 151,066 posted a year ago. The market also posted a 4.5 percent decline in sales from December’s seasonally adjusted annual rate of 153,013.

Around the state, the average sales price increased in 13 of the 18 markets tracked. Meanwhile, home sales activity fell in 11 markets.

Data provided to Ohio REALTORS by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops. Ohio REALTORS, with more than 32,000 members, is the largest professional trade association in Ohio.

Click here to view the seasonally adjusted Ohio home sales report and a market by market analysis of sales activity throughout Ohio and local contact information. To view a market-by-market sales report, click here.

Tags: home sales, research

It’s time to make home inspector licensure a reality in Ohio!

inspection report

By Scott Williams, Ohio REALTORS Vice President of Public Policy

The ongoing, industry-backed “Call For Action” has unified the voices of Ohio’s REALTOR community, members of the Ohio Chapter of the American Society of Home Inspectors, and consumers in urging lawmakers to pass House Bill 211, a measure designed to give home buyers confidence that the inspector they hire is trained to assess the property’s condition.

CLICK HERE to easily add your voice to the thousands of your industry peers that have already spoken up in support of this consumer protection legislation. Additionally, if you’d like involve your buyers, friends and family members in this important effort, click here to access a consumer page that has been created!

Creating a statewide licensure system for home inspectors has long been a top priority of Ohio REALTORS and HB 211 is a critical step forward to ensure oversight of the last remaining unregulated component of the home buying process. In short, the measure ensures that a regulatory board will adopt minimum standards, conduct examinations, establish ongoing education and provide consumers the opportunity to have complaints addressed.

CLICK HERE to help ensure consumers are protected when making what is likely the largest financial transaction they will make in their lifetime!

Tags: Association news, politics

Coaching Corner: What is your ceiling made of?

By Coach Marilou Butcher Roth

Currently I am facilitating a book study with my agents, reading the book “The Big Leap” by Gay Hendricks. This has been one of my favorite go to books for myself and my clients for years, as Gay explores what keeps us from being the success that we desire in our life. He speaks to what he calls “the upper-limit problem,” or as we lovingly referred to it during our apprenticeship with Gay and Katie Hendricks, an “ULP.”

In Gay’s words, you are “upper-limiting when you’re doing something that is crimping your flow of positive energy.” Or, in my words, it’s when you are going along, everything is moving beautifully, and then something happens. The somethings vary, but the theme is still the same — where you had a wonderful feeling, you now hit a ceiling of sorts. And it usually hurts, either literally or emotionally.  Let me convey one of my most memorable ULP stories:

The day of my 50th birthday was well thought out and planned — it would include a massage and a nail appointment, finishing with a lovely dinner with my husband. The day was truly incredible, more than I could have imagined. I received so many loving calls from family and friends and also a lovely meeting with our kitchen designer to finalize plans for our long-awaited new kitchen. As I left this meeting to head to my nail appointment, I jumped into my car, which was in the garage, humming a happy tune, and just as quickly as you can imagine, I backed right into my husband’s car which was parked in the driveway. Smash!!! Oh no!  How can this be happening??? This day was going so great!!!!

Now, you may not have a car story, but I have no doubt that if you try, you can go into the darkest corners of your memory and come up with your own tale of upper limit woe! Remember, we do not do these things consciously. We do not declare that “dammit, things are just going too great, I think I will screw things up for myself.” It’s just not the way it works!

Here are a few ways that Gay indicates that we may bring ourselves down: Worry, criticism and blame (of others or yourself), deflecting, squabbling, getting sick or hurt, and integrity breaches. No doubt, you can come up with some others on your own.

This week, pay attention to when you may be creating your own upper-limit problem. Or, if you want more information on this, perhaps you go a step farther and buy the book! Either way, bringing attention to how you limit yourself can only be a positive step for you and your success!

 

Marilou Butcher Roth is the owner of The MBR Group, a coaching and training company working primarily with REALTORS who have a desire to work and live from a more inspired place. She is also the Broker/Owner of Group REALTORS in Cincinnati.

Marilou is a member of the Ohio REALTORS Board of Directors and past chairman of the organization’s Communications Committee. Feel free to contact Marilou to see if coaching is right for you: Marilou@mbr-group.com

 

Tags: Coaching Corner, training

Ohio Market Watch: REALTORS’ hopeful 2018 market will outperform 2017

By Greg Stitz, Ohio REALTORS Director of Research

The Ohio REALTOR Confidence Survey conducted in January asked participants to predict how the residential real estate market will perform in 2018. 60 percent of respondents, 10 percent more than last year and 14 percent more than in 2016, believe the market will improve at a fast or moderate pace. Only 6 percent believe the market will slow and the remaining 34 percent believe the market will continue to perform at its current pace.

expected market performance 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

Ohio REALTORS: It’s time to ACT and make home inspector licensure happen!

call to action

By Scott Williams, Ohio REALTORS Vice President of Public Policy

It’s time for Ohio to implement a licensure system for the home inspection industry!

It’s time to give Ohio’s home buyers the assurance that the inspector they hire is properly trained to evaluate and assess the home’s condition!

That’s why your Ohio REALTORS has recently launched one of its most important “Calls For Action” in an effort to convince Ohio lawmakers to join 30 other states in enacting this consumer protection measure. You should have received an email allowing you to voice your support with a few simple clicks…but if you missed it you can still participate by CLICKING HERE!

Long story short — implementing a licensure for home inspectors is the top legislative priority of the Ohio REALTORS. Licensing also has the backing of the Ohio Chapter of the American Society of Home Inspectors.

Yet despite having the support of two key real estate-related groups passage is uncertain. In fact, time to secure passage during the 132nd General Assembly is quickly running out — so it’s imperative that we get lawmakers to take the first, critical step and pass HB 211 out of the House Commerce and Labor Committee, where it’s been languishing for months. Lawmakers are unlikely to move HB 211 forward unless they hear from you…so please take a few minutes and help make home inspector licensure a reality.

CLICK HERE to help ensure that consumers are protected when making what is likely the largest financial transaction they will make in their lifetime!

 

NOTE: Our “Call For Action” email was sent yesterday (Feb. 13) using a new delivery system. If you don’t recall seeing the message, please check your “Junk Folder” for an email from “Ohio REALTORS” (publicpolicy@ohiorealtors.org). We urge you to identify us as a safe sender to ensure future delivery.

Tags: Association news, politics

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