I am a member of a local Realtor board, the Ohio Association of Realtors and the National Association of Realtors, the Firelands and Yes-MLS multiple listing services. These organizations work continuously to protect the American dream of home ownership. This is a dream not possible in so many countries for so many citizens.
One of the things our associations do, with the help of the Multiple Listing Services (M.L.S.) in the state, is to calculate data allowing us to keep tabs on the health of our states real estate market.
Ohio’s housing market was very active in 2019 surpassing 2018 in average sales price, sales activity, total dollar volume sold according to the Ohio REALTORS. Total homes sold in Ohio hit 154,650 which was a 1.6 % increase from 2018. The average sales price in Ohio hit $193,663, a 5.9 percent increase.
I read a great deal of real estate news, both nationally and locally, as you would expect. Most experts agree that as long as interest rates stay stable and the economy continues to be solid than 2020 should be a strong year for the real estate market.
Fingers crossed – so many of these factors aren’t under our control, but I’m hopeful that 2020 will be a great year in Northern Ohio!