Homes sales increased from 8,623 in January 2020 to 9,383 in January 2021. The average sales price across Ohio in January reached $211,050, a robust 14.8 percent increase from the $183,782 mark posted during the month in 2020.
“The start of a new year shows a housing marketplace that has no indication of slowing, with positive gains in pricing and a strong pace of sales across the state in January,” said Ohio REALTORS President Seth Task. “Despite a significantly tight inventory of homes for sale throughout the state, Ohioans are eager to take advantage of the historic low interest rates and achieve their housing dream.
“Our January results mark the seventh consecutive month that we’ve achieved year-over-year gains, a remarkable turnaround from the slowdown that occurred during the onset of the COVID pandemic last year,” Task added. “Ohio’s REALTORS remain bullish on the prospects for our marketplace moving forward.”
Around the state, 15 of the 16 markets tracked experienced an increase in average price for the month compared to January 2020. Additionally, 12 local markets showed an increase in sales activity compared to 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. Ohio REALTORS®, with more than 35,000 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.