Activity in the Ohio housing market slows in January
Activity across the Ohio housing marketplace dipped in January, as sales decreased 5.3 percent from the level reached during the month a year ago, according to Ohio REALTORS.
Homes sales in January 2019 reached 8,154, a 5 percent decrease from the 8,583 sales recorded during the month a year ago. The average sales price across Ohio in January reached $167,766, a 4.5 percent increase from the $160,501 mark posted during the month in 2018.
“The start of a new year shows Ohio’s housing sector showing positive gains pricing and a pace of sales reflective of a traditional marketplace, one that exhibits ebbs and flows,” said Ohio REALTORS President Anjanette “AJ” Frye. “REALTORS remain bullish on the marketplace – with attractive interest rates, solid gains in average sales price, sellers realistic in their pricing expectations, and consumers understanding that long-term, owning a home is a tremendous investment.”
Around the state, 14 of the 18 markets tracked experienced an increase in average sales price for the month compared to January 2018. Five local markets showed an increase in sales activity compared to a year ago.
CLICK HERE to view a market by market analysis of sales activity throughout Ohio and local contact information.
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 33,000 members, is the largest professional trade association in Ohio.
