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Ohio Home Sales Activity Keeps Pace with Best-Ever Levels in October

Chad Schneider, 2017 President, Lorain County Association of REALTORS®

Chad Schneider 2017 LoCAR President
The rate of homes sold across Ohio in October nearly mirrored the record-setting mark posted during the month a year ago, according to Ohio REALTORS®.

“Home sales activity across Ohio in October was strong, as sales nearly matched the month’s best-ever rate,” said Ohio REALTORS® President Pete Kopf. “Equally important, the marketplace is experiencing a healthy, sustained increase in average pricing.

“The REALTOR® community remains hopeful that we’ll continue to see an uptick in the number of homes being marketed for sale in the months ahead so that we can continue to build on the positive momentum that has been established during the first 10 months of the year.”

Sales in October reached a seasonally adjusted annual rate of 153,882, a marginal 0.1 percent decline from the best-ever 154,034 level reached during the month a year ago. The market also experienced a 2.6 percent increase in sales from the September 2017 seasonally adjusted annual rate of 149,926.

October’s average home price of $172,303 reflects a 5.4 percent increase from the $163,486 mark posted during the month last year.

Around the state, 15 of the 18 markets tracked reported upswings in average sales price, while the rate of home sales increased or remained unchanged in 11 markets compared to October 2016.

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.

Remember, when you’re ready to buy or sell your home, members of the Lorain County Association of REALTORS® is here to assist. They care about the community in which they live, work and support. Lorain County offers a wide variety of choices.

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.

Lorain County
Association of REALTORS®

5321 Meadow Lane Ct. #6
Sheffield Village, OH 44035
Telephone: (440) 328-4210
E-mail: contact@LoCAR.org
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