The Northwest Ohio housing market ended the year on a positive note, with strong buyer demand and rising home prices across the region. While the market is gradually becoming more balanced, conditions continue to favor both buyers and sellers looking to make a move.
Single-family home sales increased in December, even as fewer new homes came on the market. Home prices continued to rise, with both median and average sales prices showing solid growth for the month and year. Homes are taking a little longer to sell than last year, and inventory has increased slightly, giving buyers more choices while still supporting healthy home values. Overall, total sales volume for the year reached nearly $1.94 billion, reflecting continued confidence in Northwest Ohio real estate.
“The Northwest Ohio housing market remains strong and steady,” said Emily Bailey, President of Northwest Ohio REALTORS®. “We’re seeing a market that’s becoming more balanced, which is good news for buyers looking for options and sellers who are still benefiting from solid home values.”
The condo and villa market experienced more month-to-month ups and downs, especially during December, but year-to-date numbers tell a positive story. Sales activity and total volume increased over the year, while growing inventory is creating more opportunities for buyers in this segment.
As the region moves into the new year, Northwest Ohio’s housing market continues to offer opportunities for homeowners, buyers, and sellers alike. Working with a local REALTOR® remains the best way to navigate changing market conditions and make informed real estate decisions.