Ohio Market Watch: Residential appraisals coming in higher
By Greg Stitz, Ohio REALTORS Director of Research
For the past three years residential appraisals have been coming in higher for more than half of respondents to Ohio REALTORS housing confidence survey. This April, 59 percent indicated appraisals are coming in higher, which is a few percentage points less than the 62 percent reporting the same last year. Also, 38 percent of respondents to this year’s survey indicate appraisals have stayed the same and only 3 percent are noticing appraisals coming in lower in their area.
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 1,200 Ohio REALTORS participants. Click here to participate in future Ohio REALTORS Housing Confidence Surveys.
