The Ohio housing marketplace was extremely active in 2019 as the sector surpassed the prior year’s levels in sales activity, average sales price and total dollar volume, according to Ohio REALTORS®.
Homes sales reached 154,650 in 2019, a 1.6 percent increase from the 2018 year‐end level of 152,208. The average sales price across Ohio in 2019 reached $193,663, a 5.9 percent increase from the $182,843 mark posted during 2018. Finally, total dollar volume in 2019 reached $29.9 billion, a 7.6 percent increase from the 2018 level of $27.8 billion.
“It was a solid year for the Ohio housing market, as we experienced healthy gains in sales activity and in average pricing,” said Ohio REALTORS® President Chris Reese. “It is evident that Ohioans appreciate and understand that housing is a solid, long‐term investment.
“Ohio’s REALTOR® community is proud to have played an integral role in helping people navigate the complexities of the home buying process and, most importantly, were trusted partners in making the dream of ownership a reality.”
Sales in December reached 11,634, a 12.4 percent increase from the December 2018 level of 10,352. The market also posted a gain in average home price in December, reaching $191,250, a 6.2 percent increase from the $180,148 mark posted in December 2018.
Around the state, 14 of the 18 markets tracked experienced an increase in average sales price for the year compared to 2018. In terms of sales activity, 10 local markets posted year‐end increases compared to 2018.
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, the next time you’re in the market to buy or sell your home, contact a REALTOR® member of the Lorain County Association of REALTORS®. A REALTOR®'s knowledge about your local housing market is invaluable.
If you are thinking about buying or selling a home, contact a professional 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 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.