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Ohio’s November 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 November fell 1.3 percent from the level set during the month a year ago, according to Ohio REALTORS®.

“The Ohio housing marketplace posted solid levels of activity in November – as sales nearly matched the month’s best‐ever rate set a year ago, while also recording a steady, positive gain in pricing,” said Ohio REALTORS® President Tiffany Meyer. “With each passing month it has become increasingly evident that the desire for homeownership remains strong throughout the state and that Ohioans are confident that a home purchase is a smart, long‐term investment.”

November’s average home price of $178,882 reflects a 2.1 percent increase from the $175,196 mark posted during the month last year.

Sales in November reached a seasonally adjusted annual rate of 157,655, a 1.3 percent decrease from the record‐setting level set during the month a year ago of 159,684. The market experienced a 6.5 percent increase in sales from the October 2018 seasonally adjusted annual rate of 147,982.

Around the state, 16 of the 18 markets tracked reported an upswing in average sales price during the month. Additionally, 11 markets posted gains or remained unchanged 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. Ohio REALTORS®, with more than 33,000 members, is the largest professional trade association in Ohio. The methods addressing Ohio REALTORS® reporting of home sales activity is available at www.ohiorealtors.org.

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
Fair Housing Hotline:
1-800-662-FAIR
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