Ohio’s April 2109 Home Sales

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

Ed Cyrek 2019 LoCAR President

The pace of homes sold across Ohio in April increased 4.5 percent from the level posted during the month a year ago, according to Ohio REALTORS®.

“Activity in April was extremely robust across the Buckeye State, as our sales totals increased to start the traditional spring home buying season,” said Ohio REALTORS® President Anjanette Frye. “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,” Frye added. April’s average home price of $188,953 reflects a 5.6 percent increase from the $178,909 mark posted during the month last year.

Sales in April reached 13,836, a 4.5 percent increase from the 13,235 level during the month a year ago.

Through the first four months of the year, home sales activity in Ohio nearly matches the pace set in 2018. Total sales during the January through April period in 2019 reached 41,532, a negligible 0.1 percent drop from the 41,561 sales posted during the period a year ago. The average sales price has risen 5.2 percent in 2019, reaching $179,958 compared to the 2018 level of $171,134.

Around the state, 12 of the 18 markets tracked reported an upswing in average sales price, while eight posted gains in sales activity.

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 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.

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.