Ohio Market Watch: No major changes in reasons transactions not closing
By Greg Stitz, OAR Director of Research
For 27 percent of Ohio REALTORS all their transactions have closed over the past year, according to findings from a recent Ohio Association of REALTORS Housing Confidence survey. For those experiencing transactions that aren't closing, 42 percent blame it on inspection issues. This percentage is down only five points from last year when the question was last asked. Also this year, finance issues and appraisal issues were indicated as the number two and three reasons transactions are not closing by 26 and 25 percent of respondents, respectively.
Survey results are based on responses to a monthly survey, designed to capture the effects of the existing economic conditions and trends on the real estate industry, sent to a pool of 1,500 OAR participants. Click here to participate in future OAR Housing Confidence Surveys.
