Ohio’s housing market showed encouraging signs of balance in August. Statewide sales held steady, posting a modest 0.5% increase compared to last year. Prices also remained strong—the average home sold for $268,000, a 5.1% gain from August 2024. These trends highlight the market’s resilience even as conditions gradually shift.

Inventory on the Rise

One of the biggest stories continues to be inventory. Active listings climbed 10% year over year, marking the third straight year of growth. With 3.57 months of supply, we’re technically still in a seller’s market, but the momentum is inching toward more balance between buyers and sellers.

Key Stats at a Glance

  • 12,123 homes sold statewide (+0.5% YoY)
  • $268,000 average sale price (+5.1% YoY)
  • 36,943 active listings (+10% YoY)
  • 3.57 months of supply (still a seller’s market)

What This Means for You

  • For buyers: Growing inventory means more options and potentially less competition, making it a good time to explore the market.
  • For sellers: Demand is still strong and prices are holding firm. Listing now could help you take advantage of today’s conditions before the market rebalances further.

Thinking About Your Next Move?

If you’re considering buying or selling this fall—or if you simply want to know what your home is worth in today’s shifting market—let’s connect. I’d be happy to walk you through your options.