Ohio’s February 2109 Home Sales

Ed Cyrek, 2019 President, Lorain County Association of REALTORS®

Ed Cyrek 2019 LoCAR President

Activity across the Ohio housing marketplace rose in February, as sales increased 2.6 percent from the level reached during the month a year ago, according to Ohio REALTORS®.

Home sales in February 2019 reached 8,871, a 2.6 percent increase from the 8,650 sales recorded during the month a year ago. The average sales price across Ohio in February reached $184,582, a 10.6 percent increase from the $166,840 mark posted during the month in 2018.

“The Ohio housing marketplace was active in February, with positive pricing gains and an uptick in the pace of sales,” said Ohio REALTORS® President Anjanette “AJ” Frye. “REALTORS® are upbeat on the market as we approach the start of the spring home buying season – with attractive interest rates, solid gains in average sales price, sellers realistic in their pricing expectations, and consumers understanding that long‐term, owning a home is a tremendous investment.”

Around the state, 11 of the 18 markets tracked experienced an increase in average sales price for the month compared to February 2018. Ten local markets showed an increase in sales activity compared to a year ago.

During the first two months of the year, home sales activity is a slight 1.2 percent behind the pace set in 2018. Year‐to‐date sales (January‐February 2019) reached 17,046, just off the two‐month pace of 17,249 a year ago. The average sales price during the period this year is $177,126, an 8.5 percent increase from the $163,192 mark set a year ago.

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.

Today’s sellers and buyers have a lot of choices when it comes to REALTOR® representation, whether full-service or limited service. Make sure that expectations regarding level of service, communication and representation are agreed upon before selecting a REALTOR®, a member of the Lorain County Association of REALTORS®. Members of the Lorain County Association of REALTORS® care about the community in which they live, work and support.

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 1.3 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.