Ohio's home sales grow in October
According to Ohio REALTORS, activity across the Ohio housing marketplace rose in October, as sales increased 4.8 percent from the level reached during the month a year ago.
Home sales in October 2024 reached 11,717, a 4.8% increase from the 11,176 home sales recorded a year ago. The average sales price across Ohio in October reached $290,223, a 6.1% increase from the $273,554 mark posted in October 2023.
"Home sales rose by an impressive 4.8% in October, a clear sign of growing confidence and momentum in the market,” says Ohio REALTORS President Ali Whitley. “Additionally, we continue to see average sales price and dollar volume increase, showing that owning a home remains a great investment. An Ohio REALTOR is a professional partner, guiding buyers and sellers through the intricate process of home buying and selling to achieve their housing goals successfully.”
Around the state, 13 out of 14 markets tracked experienced an increase in average sale price for the month compared to October 2023.
During the first ten months of the year, home sales activity was up 0.9% compared to January-October 2023. Year-to-date sales (January-October 2024) reached 110,785, up from the 109,828 homes sold a year ago. The average sales price during this period is $291,616, a 7.2% increase from the $271,981 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 36,000 members, is Ohio's largest professional trade association. Leading with expertise, professionalism, and an entrepreneurial spirit, Ohio REALTORS are committed to their clients and communities.
CLICK HERE for a market-by-market analysis of sales activity throughout Ohio and local contact information.
(NOTE: There might be a slight variance between this release's reported number of sales and actual activity in the various markets due to Ohio REALTORS’ early reporting requirement. Check with contacts in the particular market.)
