Ohio’s September 2020 Home Sales

Sales activity in the Ohio housing marketplace in September surged 18.1 percent from the level of closings that occurred during the month a year ago, according to Ohio REALTORS®.

“The Ohio housing marketplace attained robust activity in September, as we posted big gains in both sales levels and average price,” said Ohio REALTORS® President Chris Reese. “Our September results mark the third consecutive uptick in monthly activity following the slowdown that occurred following the onset of the COVID-19 pandemic this spring – a clear indication that Ohioans understand that housing is a solid, long-term investment.

“While historically low mortgage rates have helped bolster interest in the market in the near term, we’re also hopeful that we’ll see a rise in the number of homes listed for sale and an increase in home construction to meet ongoing buyer demands moving forward.”

Sales in September reached 15,851, an 18.1 percent increase from the 13,421 sales recorded during the month a year ago.

September’s average home price of $224,081 reflects a 15.7 percent increase from the $193,713 mark posted during the month last year.

Through the first nine months of the year, sales activity has posted a 0.5 percent gain from the level posted during the same period in 2019. Sales from January through September reached 118,287, slightly ahead of the 2019 mark of 117,706 sales during the period.

The average sales price for the January through September period reached $209,663, an 8 percent increase from the $194,116 posted in 2019.

Around the state, all 16 of the markets tracked reported upswings in average sales price in September, while 14 posted gains or match the prior year’s tally in sales activity.

Data provided to Ohio REALTORS® 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 National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.4 million members, including NAR’s institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.

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®.

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.