Ohio home sales activity slows slightly in August
The number of homes sold across Ohio in August slowed from the pace set during the month a year ago, posting a 2.0 percent decrease, according to Ohio REALTORS.
“The Ohio housing marketplace is remaining resilient, as sales activity levels for the year nearly match the pace set a year ago,” said Ohio REALTORS President Anjanette Frye. “Not only are sales levels exhibiting stability, we are also experiencing a steady rise in the average sales price – good news for current and would-be buyers as housing is a solid, long-term investment.”
August’s average home price of $198,912 reflects a 5.2 percent increase from the $189,049 mark posted during the month last year.
Sales in August reached 15,438, a 2.0 percent decrease from the 15,759 sales recorded during the month a year ago.
Through the first eight months of the year, sales activity has nearly matched the level posted in 2018. Sales from January through August reached 103,038, a negligible 0.5 percent decline from the 2018 level of 103,532 sales.
Around the state, 14 of the 18 markets tracked reported upswings in average sales price in July, while seven 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 32,000 members, is the largest professional trade association in Ohio.
To view a market by market analysis of sales activity throughout Ohio, CLICK HERE.
