Ohio’s February 2017 Home Sales
Chad Schneider, 2017 President, Lorain County Association REALTORS®
“The housing market across the Buckeye State was extremely solid in February, as the rate of sales activity reached the highest mark for the month since Ohio’s REALTORS® began tracking activity in 1998,” said OAR President Pete Kopf.“We’re also experiencing continued gains in the average price, an indication that housing is a solid, long‐term investment.
“As we move into the traditional spring home buying season, Ohio’s REALTOR® community is hopeful that we’ll see an increase in the number of homes being marketed for sale,” Kopf added.
February’s average home price of $152,236 reflects a 7.3 percent increase from the $141,890 mark posted during the month last year.
Sales in February reached a seasonally adjusted annual rate of 148,826, a 5.8 percent increase from the 140,677 level during the month a year ago. The market experienced a slight 1.1 percent decline in sales from January’s seasonally adjusted annual rate of 150,431.
Around the state, the average sales price increased in 15 of the 18 markets tracked. A total of eight markets experienced an uptick or remained unchanged in total 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. The methods addressing OAR’s reporting of home sales activity is available at www.ohiorealtors.org.
Whether you are ready to buy or sell, contact a professional -- a REALTOR® -- with the Lorain County Association of REALTORS®.
The Lorain County Association of REALTORS® is one of more than 1,200 local boards and associations of REALTORS® nationwide that comprise the National Association of REALTORS®. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.
REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict Code of Ethics. Not all real estate sales agents are REALTORS®. All REALTORS® are members of NAR along with their State and Local Associations.