On January 22, Ohio’s Real Estate Trade Organization, Ohio Realtors, reported that in 2018 the state’s housing market experienced near-record sales levels and reached the following additional benchmarks:
- Homes sales finished 2018 with a seasonally adjusted annual rate of 150,258, a 1% decrease from the record-setting 2017 year-end rate of 151,748.
- The average sales price across Ohio in 2018 reached $182,561, a 5.6% increase from the $172,884 mark posted during 2017.
- Sales in December reached a seasonally adjusted annual rate of 144,916, a 5.3% decline from the month’s best-ever mark of 153,013 posted in December 2017.
- The market experienced an 8.1% decrease in sales from November 2018’s seasonally adjusted annual rate of 157,655.
- December’s average home price of $180,284 reflects a 5.6% increase from the $170,727 mark posted in December 2017.
- Around the state, 17 of the 18 markets tracked experienced an increase in average sales price for the year compared to 2017. Nine local markets showed a year-end increase in sales activity compared to 2017.
- Home sales during the fourth quarter of 2018 slowed somewhat compared to the same three-month period a year ago. Specifically, fourth quarter 2018’s seasonally adjusted annual rate reached 151,330, a 2.4% decrease from the fourth quarter 2017 mark of 155,092. Total dollar volume in 2018 reached a record-breaking $27.8 billion, a 4.9% increase from the 2017 level of $26.5 billion.
What is Ohio Realtors?
Ohio Realtors, which was formed in 1910, is an association made up of more than 33,000 members. It's the largest professional trade association in the state of Ohio.
How Can I Get into the Real Estate Business?
Hocking College in Nelsonville, OH offers a certificate program that allows students to obtain a Certificate of Completion in Real Estate. In one semester, certificate holders will be prepared to take the state of Ohio’s Real Estate exam.
What Career Options Will this Certificate Provide Me?
Obtaining a certificate in real estate can introduce you to a wealth of potential careers paths. Some of these career options include the following:
- Appraiser
- Commercial Broker
- Escrow Manager
- Foreclosure Specialist
- Loan Officer
- Property Manager
- Real Estate Clerk
- Relocation Specialist
- Title Officer
For more information on this program, contact Business & Entrepreneurship Program Manager, Micah Covert, by email at covertm29000@hocking.edu or by phone at (740) 753-7213.
