Ohio’s January 2020 Home Sales

Activity across the Ohio hous- ing marketplace rose in January, as sales increase 10.3 percent from the level reached during the month a year ago, according to Ohio REALTORS.

Homes sales in January 2020 reached 8,692, a 10.3 percent increase from the 7,878 sales recorded during the month a year ago. The average sales price across Ohio in January reached $197,410, a 15.8 percent increase from the $170,476 mark posted during the month in 2019.

“The start of a new year shows a solid foundation for Ohio’s housing sector, with positive gains in pricing and a strong pace of sales across the state in January,”

said Ohio REALTORS® President Chris Reese. “REALTORS® remain bullish on the marketplace’s prospects moving forward with attractive interest rates, solid gains in average sales price, sellers realistic in their pricing expectations, and consumers understanding that longterm, owning a home is a tremendous investment.”

Around the state, 17 of the 19 markets tracked experienced an increase in sales activity for the month compared to January 2019. Additionally, 15 local markets showed an increase in average price compared to a year ago.

Data provided to Ohio REALTOR®S by Multiple Listing Services includes residential closings for new and existing singlefamily homes and condominiums/co-ops. Ohio REALTORS®, with more than 33,000 members, is the largest professional trade association in Ohio.

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 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.

Laurie Brill