As part of LoCAR's continuing effort to inform the general public of real estate issues, the following article was submitted to the Morning Journal, The Chronicle-Telegram and LorainCounty.com
Activity across the Ohio housing marketplace dipped in March, as sales decreased 7.1 percent from the level reached during the month a year ago, according to Ohio REALTORS®.
Home sales in March 2025 reached 9,406, a 7.1% decrease from the 10,125 home sales recorded during the month a year ago. The average sales price across Ohio in March reached $297,614, a 6.1% increase from the $280,541 mark posted in March 2024.
"While home sales saw a modest dip in March, we're already seeing strong indicators that buyers and sellers are preparing to re-engage as we head into the spring homebuying season,” says Ohio REALTORS® President Michelle Billings. “With mortgage rates showing signs of stability and inventory gradually improving, we're optimistic that the coming months will bring renewed energy and opportunity to the housing market. An Ohio REALTOR® serves as a professional partner, guiding buyers and sellers through the intricate process of home buying and selling, to successfully achieve their housing goals.”
Around the state, 12 out of 13 markets tracked experienced an increase in average sale price for the month compared to March 2024.
During the first three months of the year, home sales activity is down 4.3% compared to January-March 2024. Year-to-date sales (January-March 2024) reached 24,841, down from the 25,963 homes sold a year ago.
The average sales price during the period this year is $284,881, a 5.8% increase from the $269,150 mark set 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.
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) and the Ohio REALTORS® (OR). 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.
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.
