Ohio home sales activity in March keeps pace with record level from a year ago
The number of homes sold across Ohio in March kept pace with the level reached during the month a year ago.
“Activity levels in March were extremely solid across the Buckeye State, as sales totals nearly matched the record-breaking pace set during the month last year,” said Ohio REALTORS President Tiffany Meyer. “We’re also experiencing a continued, steady rise in the average sale price, an indication that housing is a solid, long-term investment.
“The March sales level provides a welcomed start to the spring home buying season,” Meyer added. “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.”
March’s average home price of $171,396 reflects a 5 percent increase from the $163,255 mark posted during the month last year.
Sales in March reached a seasonally adjusted annual rate of 153,863. The market also experienced a 3.2 percent rise in sales from the February 2018 seasonally adjusted annual rate of 149,042.