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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...
July
5
5
Ohio Market Watch: Fewer underwater homes on the market a constan
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.
June
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Ohio Market Watch: Residential appraisals coming in higher
By Greg Stitz, Ohio REALTORS Director of Research
For the past three years residential appraisals have been coming in higher for more than half of respondents to Ohio REALTORS housing confidence survey. This April, 59 percent indicated appraisals are coming in higher, which is a few percentage points less than the 62 percent reporting the same last year. Also, 38 percent of respondents to this year's survey indicate appraisals have stayed the same and only 3 percent are noticing appraisals coming in lower in their area.
Survey results are based on responses to a monthly survey, designed to capture the effects of the existing economic conditions and trends on the real estate industry, sent to a pool of 1,200 Ohio REALTORS participants.