Home unit sales in April 2021 reached 12,986, an 18 percent uptick from the 11,006 sales recorded during the month last year. The average sales price across Ohio in March reached $236,800, a 16.9 percent increase from the $202,595 mark posted during the month in 2020.
“Activity in April was dynamic throughout Ohio with both sales and values experiencing dramatic increases, showing that the spring home buying season is in full swing,” said Ohio REALTORS® President Seth Task.
“Despite historically low inventory, we’re still seeing strong numbers in both homes sold and average price,” Task said. “We’re hoping as we continue to move out of the pandemic, more inventory will become available, and we’ll continue to see strong home sales trends. Both Ohio REALTORS® and the National Association of REALTORS® are working with industry partners in collaboration with local, state and federal governments to explore ways to solve the current inventory shortage.”
Around the state, 14 of the 16 markets tracked experienced an increase in average price for the month compared to April 2021. Additionally, 14 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.
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 National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
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.
The Lorain County Association of REALTORS® offers a website that provides a complete listing of REALTOR® real estate brokerages in Lorain County, contact information for REALTOR® members, and industry associates. If you are a first time homebuyer or a repeat buyer consider www.MyNewCommunity.net or www.LoCAR.org as a good source for Lorain County REALTOR® information.
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.