The pace of homes sold across Ohio in April reached a record-breaking level, according to Ohio REALTORS.
"Activity in April was extremely robust across the Buckeye State, as our sales totals reached record-breaking levels," said Ohio REALTORS President Tiffany Meyer. "Equally important, the marketplace achieved a continued, steady rise in the average sale price, an indication that housing is a solid, long-term investment.
"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," Meyer added.
April's average home price of $179,366 reflects a 5.3 percent increase from the $170,375 mark posted during the month last year.
Sales in April reached a best-ever seasonally adjusted annual rate of 156,594, a 3.3 percent increase from the 151,525 level during the month a year ago. The month's previous record rate of home sales occurred in April 2016, when the level of sales reached 152,213.
The market also experienced a 1.8 percent rise in sales from the March 2018 seasonally adjusted annual rate of 153,863.
Around the state, 16 of the 18 markets tracked reported upswings in both sales activity and average sales price.