Ohio’s May 2018 Home Sales

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

Janet Beane 2018 LoCAR President

The pace of homes sold across Ohio in May fell a slight 1.1 percent from the month’s record‐breaking level set a year ago, according to Ohio REALTORS®.

“Activity in May was solid, as the rate of sales reached the second‐best level ever,” said Ohio REALTORS® President Tiffany Meyer. “Equally important, the marketplace achieved a steady, healthy rise in the average sale price, an indication that housing is a solid, long‐term investment.”

May’s average home price of $187,274 reflects a 5.9 percent increase from the $176,923 mark posted during the month last year.

Sales in May reached a seasonally adjusted annual rate of 150,991, a 1.1 percent decrease from the best‐ever 152,734 level during the month a year ago.

The market also experienced a 3.6 percent drop in sales from the April 2018 seasonally adjusted annual rate of 156,594.

Around the state, 13 of the 18 markets tracked reported an upswing in average sales price during the month. Additionally, five markets posted gains in the pace of sales.

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 an industry trade association representing licensed real estate sales agents in Lorain County who are members of the National Association of Realtors® (NAR) and the Ohio Association of REALTORS® (OAR). As members of NAR these licensed real estate agents have earned the REALTOR® designation and they pledge to protect the rights of homeownership and conduct their real estate business abiding by the NAR Code of Ethics.

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.