Home sales across Ohio reach near-record pace in May
The pace of homes sold across Ohio in May fell a slight 1.1 percent from the month’s record-breaking level set a year ago, according to Ohio REALTORS.
“Activity in May was solid, as the rate of sales reached the second-best level ever,” said Ohio REALTORS President Tiffany Meyer. “Equally important, the marketplace achieved a steady, healthy rise in the average sale price, an indication that housing is a solid, long-term investment.”
May’s average home price of $187,274 reflects a 5.9 percent increase from the $176,923 mark posted during the month last year.
Sales in May reached a seasonally adjusted annual rate of 150,991, a 1.1 percent decrease from the best-ever 152,734 level during the month a year ago.
The market also experienced a 3.6 percent drop in sales from the April 2018 seasonally adjusted annual rate of 156,594.
Around the state, 13 of the 18 markets tracked reported an upswing in average sales price during the month. Additionally, five markets posted gains in the pace of sales.
Click here to view the seasonally adjusted Ohio home sales report and a market by market analysis of sales activity throughout Ohio and local contact information. To view a market-by-market sales report, click here.
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 32,000 members, is the largest professional trade association in Ohio.
