Ohio home sales activity heats up in April
The pace of homes sold across Ohio in April increased 4.5 percent from the level posted during the month a year ago, according to Ohio REALTORS.
“Activity in April was extremely robust across the Buckeye State, as our sales totals increased to start the traditional spring home buying season,” said Ohio REALTORS President Anjanette Frye. “Equally important, the marketplace achieved a continued, steady rise in the average sale price, an indication that housing is a solid, long-term investment.
“The profession is hopeful that we’ll see an uptick in the number of homes being marketed for sale, a key factor in ensuring that the momentum we’ve attained continues,” Frye added.
April’s average home price of $188,953 reflects a 5.6 percent increase from the $178,909 mark posted during the month last year.
Sales in April reached 13,836, a 4.5 percent increase from the 13,235 level during the month a year ago.
Through the first four months of the year, home sales activity in Ohio nearly matches the pace set in 2018. Total sales during the January through April period in 2019 reached 41,532, a negligible 0.1 percent drop from the 41,561 sales posted during the period a year ago. The average sales price has risen 5.2 percent in 2019, reaching $179,958 compared to the 2018 level of $171,134.
Around the state, 12 of the 18 markets tracked reported an upswing in average sales price, while eight posted gains in sales activity.
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.
CLICK HERE to view Ohio's market-by-market analysis of sales activity throughout Ohio.
