“The Ohio housing marketplace was significantly impacted by the COVID-19 crisis, as sales activity fell drastically in the days and weeks leading up to state issuing its ‘Stay at Home Order’ on March 22,” said Ohio REALTORS® President Chris Reese. “We experienced a slowdown in showings, sellers removing their homes from the market and an overall desire to shelter in place for most of the month.
“Ohio’s REALTOR® community adapted and was able to meet the unique challenges resulting from the emergence of the coronavirus, providing expert assistance to help consumers during uncertain times,” Reese continued. “REALTORS® embraced new technologies -- including virtual showings -- and followed the health profession’s best practices to ensure the safety and well-being of buyers and sellers looking to make a move.”
April’s average home price of $200,887 reflects a 5.6 percent increase from the $190,184 mark posted during the month last year.
Sales in April reached 11,057, an 18.6 percent decrease from the 13,578 sales recorded during the month a year ago.
Through the first four months of the year, sales activity has kept pace with the level posted in 2019. Sales from January through April reached 41,402, a slight 0.3 percent decrease from the 2019 mark of 41,539 sales.
Around the state, 17 of the 19 markets tracked reported upswings in average sales price in April, while all but one posted declines in sales activity.
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.
Today’s sellers and buyers have a lot of choices when it comes to REALTOR® representation, whether full-service or limited service. Make sure that expectations regarding level of service, communication and representation are agreed upon before selecting 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.
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 1 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.