Posts from August 2018
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August
21
21
Ohio Market Watch: Multiple offers continue to be the trend
By Greg Stitz, Ohio REALTORS Director of Research
Last July 42 percent of respondents to Ohio REALTORS monthly housing market confidence survey received only one offer on their latest sale. This July the percentage receiving only one offer dropped to 30 percent. This means 70 percent of respondents received two or more offers on the last residential sale they closed. Looking more closely at the percentage breakout: 52 percent of respondents received two or three offers, 12 percent received four or five offers and 6 percent received six or more.
August
6
6
Ohio housing market heats up in June as purchase agreements reach all-time high
Ohio REALTORS report the number of single-family homes and condominiums put under agreement in June 2018 increased 1.8 percent from the level posted during the month a year ago.
Ohio's June Pending Home Sales Index of 166.5, a forward-looking indicator based on contract signings, increased 1.8 percent from June 2017 (163.5). Activity in June fell 1.4 percent from the pace of agreements reached in May 2018 (168.9).
The pending sale index posted during the second quarter 2018 (164.3) rose 1.5 percent from the level posted in the second quarter 2017 (161.9). Activity in the second quarter bests the level posted in the first quarter 2018 (143.4) by 14.6 percent.
"The Ohio housing market is continuing to exhibit tremendous strength, as the number of homes put under contract in June reached an all-time high for the month and the rate of signings during the second quarter reached a best-ever level," said Ohio REALTORS Pr...