Ohio housing market experiences rising prices & stable sales activity in 2014

sold home on a clothes line big

By Carl Horst, OAR Director of Publications/Media Relations

The Ohio housing marketplace continued to establish a solid foundation in 2014, as sales nearly matched the activity level of 2013 and average prices posted a 5 percent gain, according to the Ohio Association of REALTORS.

Homes sales finished 2014 with a seasonally adjusted annual rate of 127,399, a slight 1.3 percent decrease from the 2013 year-end rate of 129,108. The average sales price across Ohio in 2014 reached $149,210, a 5 percent increase from the $142,135 mark posted during 2013.

“It’s evident that the Ohio housing market has not only regained its footing, but that we’ve rebuilt a solid foundation that is able to withstand any minor variances that may arise due to current market factors,” said OAR President Greg Hrabcak. “The re-emergence of a traditional, stable housing sector is a welcomed development for current and would-be homeowners.”

Sales in December reached a seasonally adjusted annual rate of 129,724, a negligible 0.9 percent decrease from the 130,842 level posted last month. The market experienced a 3.1 percent increase in sales from December 2013’s seasonally adjusted annual rate of 125,795. Sales during December 2014 reached the highest level for the month since 2006.

December’s average home price of $145,655 reflects a 4 percent increase from the $140,038 mark posted in December 2013.

Around the state, 14 of the 20 markets tracked reported increases in sales activity levels during the month. All but seven local markets showed an increase in average sale price compared to December 2013.

Home sales during the fourth quarter of 2014 were up sharply from the first three quarters of the year, as well as compared to the three-month period in 2013. Specifically, fourth quarter 2014’s seasonally adjusted annual rate reached 135,317, a 4.6 percent increase from the third quarter mark of 129,319 and up 6.7 percent from the fourth quarter 2013 rate of 126,790. Total dollar volume in 2014 reached more than $19.5 billion, a 3.5 percent increase from the 2013 level of nearly $18.9 billion.

Data provided to OAR by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops. The Ohio Association of REALTORS, with more than 28,000 members, is the largest professional trade association in Ohio.

Click here to view OAR’s seasonally adjusted Ohio home sales report. To access a market-by-market analysis of sales activity throughout Ohio, click here.

Tags: home sales, research

Coaching Corner: Is your time managing you?

By “Coach” Marilou Butcher Roth

This topic is always so interesting to me. Time Management — what the heck does that mean? Well, I think it means different things to different people. At this time of year, I see countless people creating plans and looking at how to “manage” their time in a more effective and productive way. Some plans work for some and not for others. We are all wired so differently that there is not, unfortunately, a master plan for all of us. Remember back when the Franklin-Covey system was the way to go? Now our computers assist us greatly with endless planning apps and programs.

We do want some control over our time to make our lives easier, and yet sometimes we choose a plan that creates even more work! So today, I am going with a “keep it simple” idea that may be something you can use to generate an easier feel to your schedule. This piece is geared to your projects. Your repetitive activities will remain the same.

  1. Make your master plan based on projects that need to happen. For example, you may want to begin a more consistent method of finding new business. Or, your information you leave at your listing consultations needs to be updated. Hmm, perhaps you need to purge your office.
  2. Get ready for action! This begins in February so its time to get rolling! Ask yourself what items you want to have completed in the month of February. Look at your master  list and determine the importance of each item on your list. You may find several that need to have your attention. Here is the thing — each project on your master list MUST be broken down into smaller chunks. Using the example of a more consistent method of finding new business, you may determine that in the month of February you want to identify WHO your target market is. This may be quick, depending on your direction. If so, you can add another step — WHERE you will find these people. If you have landed on a geographic farm for your WHO, you will need to complete your data base.
  3. Next step, break it down again. Choose a specific day of the week that you revisit your plan to see what small doable steps will be done for that week. Think consistency, not quantity! Do a little (or a lot if you are so moved) at a time. If you are cleaning your office, for example, do a drawer at a time. Please, keep it simple!!

This idea is certainly far from rocket science, however, it is a way to find your way through our lists, mental and otherwise that nag at us. My hope is that this will help some of you and if you feel it might but it doesn’t quite make sense, feel free to email me and I will get you over the hump!! Enjoy!

 

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 OAR 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

NAR Chief Economist spotlights the recovering economy and its impact on real estate in Ohio & nation

 

Lawrence Yun, chief economist for the National Association of REALTORS, gave Ohio’s REALTORS an overview of the economy and outlook for the housing sector during a presentation at OAR’s Winter Conference. Yun highlights how the economy in Ohio and across the nation is on the mend and what it will mean for the real estate industry moving forward.

Click here to view Yun’s power point slides.

Tags: research, Your Association

OAR honors Steve Brown for a lifetime of service to the REALTOR family

steve brown proclamation

Dayton REALTOR Steve Brown addresses the OAR Board of Directors after being honored for his lifetime of service to the industry

 

The Ohio Association of REALTORS Board of Directors honored Steven C. Brown during its Winter Conference for his lifetime of service at all levels of the REALTOR organization.

A second generation REALTOR, the Dayton native has spent nearly four decades helping buyers and sellers achieve the American Dream of ownership, while also volunteering his time and talent to improving the real estate profession. Brown, who has been a tireless advocate for REALTORS across Ohio and our nation, served as president of the Dayton Area Board of REALTORS (1995), OAR (2002) and just concluded a stint as leader of the 1 million-member National Association of REALTORS (2014).

Brown is only the ninth Ohioan to serve as NAR President, joining Harley E. Rouda, Sr. (Columbus, 1991), J.D. Sawyer (Middletown, 1973), John W. Galbreath (Columbus, 1944), Edgar L. Ostendorf (Cleveland, 1939), Walter S. Schmidt (Cincinnati, 1935), Harry S. Kissell (Springfield, 1931), Irving Hiett (Toledo, 1921) and Alexander S. Taylor (Cleveland, 1910).

“Steve’s vision, his passion and his dedicated leadership helped advance our profession to remarkable heights,” said OAR President Greg Hrabcak.

OAR Directors unanimously approved a resolution honoring Brown. It reads:

WHEREAS, for many years, the REALTOR community in Ohio and throughout our nation has benefited from the tireless efforts, wisdom and leadership of Steven C. Brown; and

WHEREAS, he continues to advance the real estate profession with unmatched dedication and devotion at all levels of the REALTOR organization – local, state and national – by serving as president of the Dayton Area Board of REALTORS in 1995, the Ohio Association of REALTORS in 2002, and the National Association of REALTORS in 2014; and

WHEREAS, he has been a REALTOR and contributed to the industry for more than 35 years; and

WHEREAS, he is co-owner of Irongate, Inc. REALTORS, a full service real estate firm with six offices and 300  agents; and

WHEREAS, as a result of his commitment to the real estate industry he received the Phillip R. Barnes Lifetime Achievement Award in 2007; the Vincent T. Aveni Lifetime Achievement Award in 2012 and the OAR Pinnacle of Performance or Award of Distinction sales award every year since their inception in 2002; and

WHEREAS, he served in various capacities within OAR, including as a member of the Board of Directors, Executive Committee, Legislative Steering Committee, Research Advisory Committee, RPAC Trustees, Strategic Planning and as chair of Economic Issues & Trends Forum, Nominating Committee and Research Advisory Committee; and

WHEREAS, he served in various capacities within NAR, most recently as 2014 President, 2013 President-elect and 2012 First Vice President. He also served as Vice President of Committees in 2009 and Public Policy National Liaison in 2008. He was also on the REALTOR Political Action Committee Board of Trustees from 2003-2006. In 2007 he chaired the Legislative Forum and in 2005, he was the Regional Vice President for Region VI serving Ohio and Michigan; and

WHEREAS, his life serves as a model for each of us; his passion for helping others, his desire to make a positive difference in the world, his loyalty to friends and his love and devotion to his family.

NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the Ohio Association of REALTORS hereby expresses its sincere appreciation for Steve’s many contributions to the organization and its members.

Tags: Association news

Columbus REALTOR Greg Hrabcak leads OAR’s 2015 Leadership Team

leadership team 2015

The Ohio Association of REALTORS 2015 Leadership Team (from left): Chief Executive Officer Bob Fletcher, President Greg Hrabcak, President-elect Sara Calo and Treasurer Pete Kopf

 

Greg Hrabcak of Westerville was installed as the 2015 President of the Ohio Association of REALTORS (OAR) during the organization’s Winter Conference, Jan. 18-20, in Columbus. Installed to the post of president-elect was Sara Calo of Mayfield Village and to the office of treasurer, Pete Kopf of Cincinnati.

Hrabcak has been involved in the sale and leasing of commercial, industrial, investment and office real estate since graduating from The Ohio State University in 1984. He is currently a broker/agent for HER Commercial Real Estate Services in Columbus.

On the local level, Hrabcak served as president of many Columbus real estate organizations including Columbus REALTORS in 2008, and the Columbus Commercial Industrial Investment REALTORS (1993), the Ohio Business Brokers Association (1992), and the Columbus Real Estate Exchangers (1994).

On the state level, Hrabcak served as an OAR District Vice President in 2011-2012 and as an OAR Director since 1999. He has chaired numerous OAR committees including Enlarged Legislative, Legislative Steering, Legal Action, Commercial Industrial, as well as the Local Government and Professional Standards Forums.

On the national level, Hrabcak serves as a National Association of REALTORS (NAR) Director. He is also serving as the chair of the NAR Commercial Real Estate Research Subcommittee and is a member of the Commercial and Research Committees. Hrabcak is also the Federal Political Coordinator for Congressman Pat Tiberi.

Additionally, Hrabcak holds the CCIM (Certified Commercial Investment Member) designation of NAR and received the Columbus REALTORS $25 Million Award in 2011. He is a real estate class instructor and has developed programs for Columbus REALTORS, OAR and NAR, as well as instructed courses at the Columbus State Community College.

Hrabcak, and his wife, Donna, have two children and reside in Westerville.

2015 OAR President-elect, Sara Calo is with The Calo Group at Howard Hanna Real Estate Services in Mentor.

On the local level, Calo served as president of the Lake & Geauga Area Association of REALTORS in 2009 and 2010 and was honored as its “REALTOR of the Year” in 2008.

On the state level, Calo was a District Vice President in 2011-2012 and has been an OAR Director since 2005. She has chaired numerous OAR Committees, including Communications, Political Activity & RPAC Fundraising and the Economic Issues and Trends Forum, and has served as a member of its Professional Standards Forum, Legislative Steering and Executive Committees, among others.

Additionally, she has been active at the local and state level of the Women’s Council of REALTORS, including service as President of the local chapter in 2008. She holds the ABR (Accredited Buyer’s Representative), CRS (Certified Residential Specialist), PMN (Performance Management Network) and e-Pro designations of NAR. Calo has received the OAR President’s Sales Club Award of Distinction.

On the national level, Calo has served on the Business Issues Policy, Research, Consumer Communications and Diversity committees. She serves as the organization’s Federal Political Coordinator for Rep. Mary Kaptur.

Civically, she served as Chairman of the Western Lake County Chamber of Commerce in 2012 and is a member of HOLA (Hispanic Organization of Lake & Ashtabula). Calo was appointed to the Lake County Board of County Commissioners – ADAMHS Board (2009-2012).

Calo, and her husband, Jack, have two daughters and five grandchildren and reside in Mayfield Village.

2015 OAR Treasurer, Pete Kopf is with Kopf Real Estate in Cincinnati.

On the local level, Kopf served as president of the Cincinnati Area Board of REALTORS in 2011. He has been a REALTOR since 1996, following graduation with a bachelor’s degree in finance from the Farmer School of Business, Miami University, in 1995.

On the state level Kopf has been an OAR Director (2007 and 2009-2014). He has chaired and served as a member of numerous OAR Committees, including Legislative Steering, Local Government, Issues Mobilization, Strategic Planning, Nominating, Executive and Finance, among others.

Additionally, he severed as a NAR Director in 2010-2011. In 2014 he chaired NAR’s Broker Forum and has served on its Business Issues Committee (2011, 2013 and 2014).

Civically, Kopf is a co-founder and board member of Cincinnati Golfers for Charity, a member of the Greater Cincinnati Arthritis Foundation Annual Fund Committee, Chair of the St. Mary Parrish Festival in 2013 and the Catholic Inner-City Schools Education Fund.

Kopf, and his wife, Heather, have three children and reside in the Hyde Park community of Cincinnati.

The Ohio Association of REALTORS, with more than 28,000 members, is the largest professional trade association in Ohio.

 

Tags: Association news

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