Ohio Market Watch: Why would-be sellers aren't selling
On June 16, 2016

By Greg Stitz, OAR Director of Research

Over the past five years, in its monthly Ohio REALTOR Housing Confidence survey, participants were asked to indicate reasons their would-be sellers aren't putting their homes on the market. The percentage changes from November 2012 to May 2016 are dramatic to say the least.

The most dramatic change reflects the continuing challenge of low inventory levels. In 2012, 16 percent of respondents indicated would-be sellers weren't selling because there were no homes to buy after selling their home. The percentage increased 59 points to 75 percent when the same question was asked in 2016.

The other three reasons would-be-sellers aren't selling, as illustrated in the chart below, were between 50 and 60 percent in 2012 but have dropped to between 19 and 25 percent in 2016.

Survey results are based on responses to a monthly survey, designed to capture the effects of the existing economic conditions and trends on the real estate industry, sent to a pool of 1,500 OAR participants. Click here to participate in future OAR Housing Confidence Surveys.