The number of homes sold throughout Ohio in September decreased from the pace set during the month a year ago, while average prices continued to increase, according to Ohio REALTORS®.
Homes sales in September 2023 reached 11,415, a 17% decline from the 13,758 sales recorded during the month a year ago. The average sales price across Ohio in August reached $275,461, a 5.9% increase from the $260,127 mark posted in September 2023.
“The housing market right now is getting back to normal. Interest rates and the number of homes for sale are becoming steadier. Home prices are still going up, showing that people think buying a home is a smart investment,” says Ohio REALTORS® President Ralph Mantica. “An Ohio REALTOR® serves as a professional partner, guiding buyers and sellers through the intricate process of homebuying and selling, to successfully achieve their housing goals.”
Around the state, 12 of the 15 markets tracked experienced an increase in average price for the month compared to September 2023. Additionally, three local markets showed an increase in sales activity compared to a year ago.
Data provided to Ohio REALTORS® by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops.
REALTORS® support plans to help America’s housing market and homeowners. Improving access to simple, low-cost refinancing and streamlining the process will help hardworking families who have stayed current on their mortgage payments and will go a long way to helping keep more families in their homes. REALTORS® also support the renovation of homes in order to sell to owner-occupants.
If you are thinking about buying or selling a home, contact a REALTOR® today. Members of the Lorain County Association of REALTORS® care about the community in which they live, work and support. Lorain County offers a wide variety of housing choices.
Do your research and take advantage of the many housing opportunities right here in Lorain County. We are fortunate to live in a region with such vast offerings. From big to small, country to city... it's available in Lorain County! Our proximity to highway and freeway access provides great commute options both east and west! Contact your LoCAR REALTOR® member today.
The Lorain County Association of REALTORS® is an industry trade association representing licensed real estate sales agents in Lorain County who are members of the National Association of Realtors® (NAR) (as members of NAR these licensed real estate agents have earned the REALTOR® designation and they pledge to protect the rights of homeownership and conduct their real estate business abiding by the NAR Code of Ethics) and Ohio REALTORS® (OR) (with more than 36,000 members, is the largest professional trade association in Ohio. Leading with expertise, professionalism and an entrepreneurial spirit, REALTORS in Ohio are committed to their customers and communities.)
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 one 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 Association.