Ohio’s May 2109 Home Sales

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

Ed Cyrek 2019 LoCAR President

The number of homes sold across Ohio in May rose from the pace set during the month a year ago, posting a 3.5 percent increase, according to Ohio REALTORS®.

“Activity levels in May were solid across the Ohio marketplace, with would‐be buyers moving off of the sideline and into a home,” said Ohio REATLORS® President Anjanette Frye. “Coupled with the steady rise in the pace of sales, the market is also seeing the average sales price trend upward. This is a clear indicator that housing is a solid, long‐term investment.

“The real estate profession is hopeful that the momentum that has been established through the first five months of the year will continue to propel the marketplace moving forward,” Frye added.

May’s average home price of $200,777 reflects a 7.1 percent increase from the $187,480 mark posted during the month last year.

Sales in May reached 15,567, a 3.5 percent increase from the 15,040 sales recorded during the month a year ago.

Around the state, 14 of the 18 markets tracked reported upswings in average sales price, while 13 posted gains in sales activity.

Home sales activity through the first five months of 2019 nearly mirror the pace posted a year ago. Sales (January through May) reached 57,202, a 0.9 percent increase from the five‐month level posted in 2018 of 56,690.

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.

And remember, the next time you’re in the market to buy or sell your home, contact a REALTOR® member of the Lorain County Association of REALTORS®. A REALTOR®'s knowledge about your local housing market is invaluable.

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

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.