Ohio Market Watch: Homes continue to sell fast

By Greg Stitz, Ohio REALTORS Director of Research

The number of days residential properties are on the market has dropped dramatically over the past four years. According to a recent Ohio REALTORS housing confidence survey 76 percent of listed homes sold within an average of 40 days. More specifically, 24 percent of respondents report the average number of day their clients' homes are on the market is 10 or less. And 47 percent of respondents watch their average clients' homes sell in 20 days or less.

Ohio REALTORS also tracks average days on market and reported a record-setting 49 days on market in July 2018. For comparison purposes the average days on market for July 2011 was 106.

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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.