Posts from August 6th, 2018
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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...