“Activity levels in March slowed somewhat as would‐be buyers remained on the sidelines,” said Ohio REALTORS® President Anjanette Frye. “One big positive, the market posted a continued, steady rise in the average sale price, an indication that housing is a solid, long‐term investment.
“As we enter the traditional spring home buying season, the real estate profession is hopeful that we’ll see an uptick in the number of homes being marketed for sale, a key factor in ensuring that the momentum we’ve attained continues.” Frye added.
March’s average home price of $177,460 reflects a 5.3 percent increase from the $168,523 mark posted during the month last year.
Sales in March reached 11,551, a 6.7 percent decline from the 12,382 sales recorded during the month a year ago.
Around the state, 12 of the 18 markets tracked reported upswings in average sales price, while five posted gains in sales activity.
The first quarter 2019 sales of 28,659 fell 2.1 percent from the first quarter 2018 mark of 29,272. Total dollar volume during the first quarter 2019 reached nearly $5 billion, a 2.3 percent increase from first quarter 2018 sales volume of $4.8 billion.
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 33,000 members, is the largest professional trade association in Ohio.
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 Association of REALTORS® (OAR). 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 excited partner with Lorain County Habitat for Humanity® to provide a charity golf outing that will assist Habitat’s work. Habitat for Humanity is a nonprofit ecumenical Christian housing ministry seeking to eliminate poverty housing and homelessness throughout Lorain County and is an affiliate of Habitat for Humanity International, a worldwide ministry supported by the National Association of REALTORS®. This charity golf outing will be held on June 6, 2019, at Valley of the Eagles Golf Club in Elyria. Your involvement provides a great opportunity for your company to receive community exposure and help to support a very worthwhile cause. If you are interested in golfing or sponsorship, please email: Contact@LoCAR.org.
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 nearly 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.