Home unit sales in July 2021 reached 16,374, a 3.8 percent downtick from the 17,017 sales recorded during the month last year. The average sales price across Ohio this July reached $252,162, a 12.9 percent increase from the $223,385 mark posted during the month in 2020.
“Activity in July slowed slightly but is not far off from where we were last year. This can be a good sign that the housing market is beginning to stabilize,” said Ohio REALTORS® President Seth Task. “We are used to seeing the market slow a bit as the start of school approaches and perhaps a return to normalcy in our lives is mirrored in the market.
“Low inventory and rising home prices continue to be a trend we’re experiencing,” Task said. “Overall, in 2021, sales are up 7.9% compared to 2020, indicating the market is still strong, and buyers are continuing to see the value in homeownership despite the record-high prices.”
Around the state, all 15 tracked markets experienced an increase in average price for the month as compared to July 2020. Despite the overall decrease statewide, five local markets reported an increase in sales activity compared to July 2020.
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 36,000 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.