“Activity levels in September were robust, with buyers taking advantage of favorable interest rates and positive economic conditions,” said Ohio REALTORS President Anjanette Frye. “Equally important, the market posted a continued, steady rise in the average sale price, an indication that buyers understand that housing is a solid, long‐term investment.”
September’s average home price of $198,351 reflects a 7.9 percent increase from the $183,864 mark posted during the month last year.
Sales in September reached 13,339, a 5.4 percent increase from the 12,653 sales recorded during the month a year ago.
Around the state, 14 of the 18 markets tracked reported upswings in average sales price, while 10 posted gains in sales activity.
Through the third quarter of 2019, sales are slightly besting the pace set during the nine‐month period a year ago. Sales during the January through September period in 2019 reached 116,588, a 0.1 percent increase from the 116,453 sales posted during the period last year. The year‐to‐date total dollar volume of $22.8 billion is a 6.7 percent increase from the mark set during the period in 2018 of $21.4 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 32,000 members, is the largest professional trade association in Ohio.
And remember, when it’s time to buy or sell your home, contact a REALTOR, a member of the Lorain County Association of REALTORS®. 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 choices.
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 Associations.