Posts made by author 'Amanda Stuchell'

Home purchase signings in Ohio reach second-best level in August

Sep 27, 2018

Ohio REALTORS report the number of single-family homes and condominiums put under agreement in August 2018 decreased 4.5 percent from the month's record-setting level posted a year ago.

Ohio's August Pending Home Sales Index of 154.1, a forward-looking indicator based on contract signings, fell 4.5 percent from best-ever rate attained during the month a year ago (161.5). Activity in August nearly matched the pace of agreements re...

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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.

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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...

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By Greg Stitz, Ohio REALTORS Director of Research

Slightly higher than findings from the last two years, about eight in 10 Ohio REALTORS are noticing fewer underwater homes on the market. More specifically, this year 81 percent of those responding to Ohio REALTORS April 2018 Housing Market Confidence Survey report fewer underwater homes on the market compared to last year. Last year the percentage was 75 and in 2015 the percentage was 77. This April's percentage is 23 percent higher than the 58 percent reported in April 2014.