By Carl Horst, Ohio REALTORS Director of Publications/Media Relations
The rate of homes sold across Ohio in April nearly mirrored the level posted during the month a year ago, falling a negligible 0.3 percent, according to Ohio REALTORS.
“Activity in the housing marketplace in April was solid, as the rate of sales activity reached the second best level ever for the month since Ohio’s REALTORS began tracking data in 1998,” said Ohio REALTORS President Pete Kopf. “We also experienced a healthy gain in the average sales price, evidence that housing is a solid, long-term investment.
“Ohio’s REALTOR community remains hopeful that we will begin to experience a rise in the number of homes being listed for sale so that we can continue to move the marketplace forward.”
April’s average home price of $170,318 reflects a 5 percent increase from the $162,228 mark posted during the month last year.
Sales in April reached a seasonally adjusted annual rate of 152,322, a slight 0.3 percent decrease from the 152,708 level during the month a year ago. The market experienced a 2.4 percent decrease in sales from March’s seasonally adjusted annual rate of 156,096.
Around the state, 13 of the 18 markets tracked reported an uptick in average sales price. A total of five markets experienced an increase in sales activity.
Data provided to OAR by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops. The Ohio Association of REALTORS, with more than 30,000 members, is the largest professional trade association in Ohio.