Home sales down, prices up in Ohio

LIMA — The Ohio housing marketplace continues to stabilize, as the number of homes sold throughout Ohio in August fell while average prices rose, according to Ohio REALTORS.

Homes sales in August 2022 reached 15,412, a 6.4% decrease from the 16,466 sales recorded during the month a year ago. The average sales price across Ohio in August reached $267,659, a 6.9% increase from the $250,338 mark posted during the month in 2021.

Around the state, 12 of the 14 markets tracked experienced an increase in average price for the month compared to August 2021. Additionally, two local markets, Dayton and Firelands, showed an increase in sales activity compared to a year ago.

Data provided to Ohio REALTORS by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops.

Dean Brown joined The Lima News in 2022 as a reporter. Prior to The Lima News, Brown was an English teacher in Allen County for 38 years, with stops at Perry, Shawnee, Spencerville and Heir Force Community School. So they figured he could throw a few sentences together about education and business in the area. An award-winning photographer, Brown likes watching old black and white movies, his dog, his wife and kids, and the four grandkids - not necessarily in that order. Reach him at [email protected] or 567-242-0409.