Ohio home sale activity rises in February
Activity across the Ohio housing marketplace rose in February, according to Ohio REALTORS. Additionally, sales price and dollar volume are both up compared to February 2023.
Homes sales in February 2024 reached 8,810, a 7.8% increase from the 8,174 home sales recorded during the month a year ago. The average sales price across Ohio in February reached $264,941, an 8.9% increase from the $243,210 mark posted in February 2023.
"In February, there was an increase in sales activity within Ohio’s housing market. With interest rates stabilizing and solid gains in average sale price, consumers recognize the long-term benefits that homeownership provides, sellers feel confident to list their homes, and Ohio REALTORS are feeling positive about the market as we enter the spring home buying season,” says Ohio REALTORS President Ali Whitley. “An Ohio REALTOR serves as a professional partner, guiding buyers and sellers through the intricate process of home buying and selling, to successfully achieve their housing goals.”
Around the state, 12 of the 14 markets tracked experienced an increase in average sale price for the month compared to February 2023.
During the first two months of the year, home sales activity is up 6.3% compared to January-February 2023. Year-to-date sales (January-February 2023) reached 16,367, up from the 15,401 homes sold a year ago. The average sales price during the period this year is $259,793, an 8.9% increase from the $238,627 mark set a year ago.
Click here to view a market-by-market sales report.
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 36,000 members, is the largest professional trade association in Ohio. Leading with expertise, professionalism and an entrepreneurial spirit, REALTORS in Ohio are committed to their customers and communities.
