Ohio’s July 2019 Home Sales

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

Ed Cyrek 2019 LoCAR President

by Ed Cyrek

2019 President, Lorain County Association of REALTORS®

The number of homes sold across Ohio in July rose from the pace set during the month a year ago, posting a 2.8 percent increase, according to Ohio REALTORS®.

“Home sales activity heated up in July, helping the marketplace keep pace with the year‐to‐date sales activity from a year ago,” said Ohio REALTORS® President Anjanette Frye. “Equally important, the market posted a continued, steady rise in the average sale price, an indication that buyers understand that housing is a solid, long‐term investment.”

July’s average home price of $206,660 reflects a 7.7 percent increase from the $191,927 mark posted during the month last year.

Sales in July reached 15,439, a 2.8 percent increase from the 15,025 sales recorded during the month a year ago.

Through the first seven months of the year, sales activity has nearly matched the level posted in 2018. Sales from January through July reached 87,355, a negligible 0.2 percent decline from the 2018 rate of 87,563 sales.

Around the state, 15 of the 18 markets tracked reported upswings in average sales price in July, while 10 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 32,000 members, is the largest professional trade association in Ohio.

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 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. Members of the Lorain County Association of REALTORS® care about the community in which they live, work and support.

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.