Ohio’s housing market shows growth in April 2024
Ohio’s housing market shows growth in April 2024, with both home sales activity and home prices increasing, according to Ohio REALTORS.
Home sales in April 2024 reached 11,547, a 13.2% increase from the 10,199 home sales recorded during the month a year ago. The average sales price across Ohio in April reached $280,814, a 4.9% increase from the $267,665 mark posted in April 2023.
"The strength and stability of the Ohio housing marketplace is evident, as sales activity levels for the year are outpacing sales from a year ago,” says Ohio REALTORS President Ali Whitley. “With the increase in home sales, the market is also showing a consistent increase in average sales price. This is encouraging news for both current homeowners and potential buyers, affirming that housing in Ohio remains a solid, long-term investment,” she said. “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, 9 of the 14 markets tracked experienced an increase in average sale price for the month compared to April 2023.
During the first four months of the year, home sales activity is up 4.0% compared to January-April 2023. Year-to-date sales (January-March 2024) reached 38,749, up from the 37,255 homes sold a year ago. The average sales price during the period this year is $270,536 a 7.9% increase from the $250,703 mark set a year ago.
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 35,000 members, is the largest professional trade association in Ohio. Leading with expertise, professionalism and an entrepreneurial spirit, REALTORS in Ohio are committed to their clients and communities.
CLICK HERE for a market-by-market analysis of sales activity throughout Ohio and local contact information.
