By Carl Horst, OAR Director of Publications/Media Relations

The rate of home sales across Ohio reached a best-ever mark in January, increasing 1.3 percent from the level posted during the month a year ago, according to the Ohio Association of REALTORS.

“The start of a new year shows the Ohio marketplace is continuing to exhibit remarkable resiliency, with gains in both the rate of sales activity and average sales price helping build a strong foundation for our housing market,” said OAR President Pete Kopf. “Ohio’s professional REALTORS are poised to help consumers navigate through the complexities of the home buying and selling process to achieve the goal of property ownership.”

January’s average home price of $154,466 reflects a 7.5 percent increase from the $143,655 mark posted during the month last year.

Sales in January reached a seasonally adjusted annual rate of 150,431, a 1.3 percent increase from the month’s previous best-ever level of 148,502 posted a year ago. The market did experience a 2.0 percent decline in sales from December’s seasonally adjusted annual rate of 153,477.

Around the state, sales activity increased in 13 of the 18 markets tracked. Additionally, 11 markets posted gains or were unchanged in average sales price.

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 30,000 members, is the largest professional trade association in Ohio.

Click here to view OAR’s seasonally adjusted Ohio home sales report. To access a market-by-market analysis of sales activity throughout Ohio, click here.