Home Sales Activity Across Ohio Reaches Record Rate in April

Janet Beane, 2018 President, Lorain County Association of Realtors®

Janet Beane 2018 LoCAR President

The pace of homes sold across Ohio in April reached a record-breaking level, according to Ohio REALTORS®.

“Activity in April was extremely robust across the Buckeye State, as our sales totals reached record-breaking levels,” said Ohio REALTORS® President Tiffany Meyer. “Equally important, the marketplace achieved a continued, steady rise in the average sale price, an indication that housing is a solid, long-term investment.

“The profession is hopeful that we’ll see an uptick in the number of homes being marketed for sale, a key factor in ensuring that the momentum we’ve attained continues,” Meyer added.

April’s average home price of $179,366 reflects a 5.3 percent increase from the $170,375 mark posted during the month last year.

Sales in April reached a best-ever seasonally adjusted annual rate of 156,594, a 3.3 percent increase from the 151,525 level during the month a year ago. The month’s previous record rate of home sales occurred in April 2016, when the level of sales reached 152,213.

The market also experienced a 1.8 percent rise in sales from the March 2018 seasonally adjusted annual rate of 153,863.

Around the state, 16 of the 18 markets tracked reported upswings in both sales activity and average sales price.

Data provided to Ohio REALTORS® by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops.

If you are thinking about buying or selling a home, contact a REALTOR® today. Members of the Lorain County Association of REALTORS® care about the community in which they live, work and support.

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 excited partner with Lorain County Habitat for Humanity® for a charity golf outing that will assist Habitat’s work. Habitat for Humanity is a nonprofit ecumenical Christian housing ministry seeking to eliminate poverty housing and homelessness throughout Lorain County and is an affiliate of Habitat for Humanity International, a worldwide ministry supported by the National Association of REALTORS®. This charity golf outing will be held on June 11, 2018 at Avon Oaks Country Club which is a private golf club located in Avon. Your involvement provides a great opportunity for your company to receive community exposure and help to support a very worthwhile cause. If you are interested in golfing or sponsorship, please email: [email protected].

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.