Ohio’s January 2022 Home Sales
Janet Beane, 2022 President, Lorain County Association of Realtors®
Homes sales reached 9,540 in January, a 0.9 percent increase from the level reached during January 2021 of 9,451. The average sales price across Ohio in January 2022 reached $228,636, an 8.4 percent increase from the $210,845 mark posted during the month a year ago.
“The solid level of sales activity achieved in January throughout the Ohio housing market reflects a continued strong desire among buyers to attain the American Dream of ownership, despite the tight supply of homes listed for sale throughout the state,” said Ohio REALTORS® President John Mangas. “Ohio’s REALTORS® are optimistic that the market will experience an uptick in inventory levels as we approach the spring home buying season.”
Around the state, 14 of the 15 markets tracked experienced an increase in average sales price for the month compared to 2021. In terms of sales activity, 8 of the 15 local markets posted a monthly increase compared to 2021.
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 36,000 members, is the largest professional trade association in Ohio.
Lorain County provides many opportunities in terms of community choice, variety of styles, and excellent pricing. In addition, favorable interest rates and loan programs are available to qualified buyers. This a wonderful opportunity for all buyers and the time is right for a home purchase in Lorain County.
Using a professional REALTOR® is an important factor in your investment decision for there are so many nuances to the process. Your REALTOR® can help guide you through the buying and/or selling steps to achieve your goal.
When the time comes to make the American Dream of homeownership a reality, make sure you utilize the expertise of a professional—a REALTOR® member of the Lorain County Association of REALTORS®.
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.