"Ohio recorded 2.1 months of supply in the week ending Nov. 28, compared to 2.8 nationally, with Columbus leading price cuts at 51.6% while maintaining the state's highest median price at $384,900. The statewide data reflects activity across Ohio's 10 tracked metros, with Columbus, Cleveland-Elyria-Mentor, and Dayton representing the largest markets by volume. The state's median list price reached $279,000, up 5.3% from $265,000 a year earlier, while homes spent a median 49 days on market, unchanged from Nov. 29, 2024."
"Active inventory climbed to 18,390 homes, a 22.1% increase year-over-year, as 2,212 homes were absorbed during the week against 1,696 new listings. Ohio's housing supply remains constrained at 2.1 months, positioning the state 24% below the national average of 2.8 months. The state recorded 18,390 active listings, with 45.1% featuring price reductionsa level indicating softer demand compared to the typical 30-35% range. Meanwhile, 8.1% of actives were relisted properties, within normal parameters."
Ohio recorded 2.1 months of supply the week ending Nov. 28, below the national 2.8 months. Active inventory rose 22.1% year-over-year to 18,390 homes while weekly absorption totaled 2,212 homes versus 1,696 new listings. The statewide median list price reached $279,000, up 5.3% year-over-year, and homes spent a median 49 days on market, unchanged from a year earlier. Price per square foot was $162 compared with $210 nationally. Price reductions affected 45.1% of listings, 8.1% of actives were relisted, and Columbus led cuts at 51.6% with the highest median of $384,900.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]