Ohio’s January Home Sales

FROM:  Greg Hrabcak, OAR President, 614.454.1408
Carl Horst, OAR Director of Publications & Media Relations, 614.225.6205
RE:     Ohio’s January Home Sales
DATE:   February 23, 2015

greg-hrabcakThe number of homes sold across Ohio in January rose 4.2 percent from the
level posted during the month a year ago, the market’s fifth consecutive
monthly year‐over‐year gain, according to the Ohio Association of REALTORS.

Home sales activity in January dipped 6.2 percent from the level reached in
December 2014.

“Home sales activity across Ohio in January reflects a balanced and traditional marketplace,” said
Greg Hrabcak, president of the Ohio Association of REALTORS. “We are continuing to make progress
in our ongoing effort to rebuild a solid foundation for the housing sector – one that is able to
withstand the cyclical ebbs and flows in activity that occur.

“The market is well‐positioned for current and would‐be home owners, as we’re experiencing steady
price growth and attractive interest rates,” Hrabcak added. “We remain hopeful that the low
inventories of homes currently being marketed for sale will rise as we head into the spring market.”

January’s average home price of $137,464 reflects an 8 percent increase from the $127,279 mark
posted during the month last year.

Sales in January reached a seasonally adjusted annual rate of 123,108, a 4.2 percent increase from
the 118,161 level during the month a year ago. The market also experienced a 6.2 percent decline in
sales from December’s seasonally adjusted annual rate of 131,232.

Around the state, the average sales price increased in 17 of the 20 markets tracked. Additionally,
nine markets posted gains in sales activity.

Data provided to OAR by Multiple Listing Services includes residential closings for new and existing
single‐family homes and condominiums/co‐ops. The Ohio Association of REALTORS®, with more than
28,000 members, is the largest professional trade association in Ohio.  Click here to view the
methods addressing OAR’s reporting of home sales activity.

Refer to the following pages for OAR’s seasonally adjusted Ohio home sales report, as well as a
market by market analysis of sales activity throughout Ohio and local contact information.

(NOTE: There might be a slight variance between the reported number of sales contained in this release and actual activity
in the various markets due to OAR’s early reporting requirement. Check with contacts in the particular market.)