North Columbus News

Activity in Ohio's housing market saw a decline in March, with a notable reduction in sales compared to the same period last year. According to Ohio REALTORS, home sales in March 2025 reached 9,406, representing a 7.1% decrease from the 10,125 homes sold in March 2024. Despite the drop in sales, the average sales price in Ohio increased to $297,614, a rise of 6.1% from the previous year's figure of $280,541.

Ohio REALTORS President Michelle Billings remarked, "While home sales dipped in March, we're already seeing strong indicators that buyers and sellers are preparing to re-engage as we head into the spring homebuying season."

There is optimism in the market as Billings highlighted, “With mortgage rates showing signs of stability and inventory gradually improving, we're optimistic that the coming months will bring renewed energy and opportunity to the housing market.”

Overall, 12 out of 13 markets tracked in Ohio experienced an increase in average sale price compared to March 2024. However, home sales activity from January to March this year is down 4.3% compared to the same period last year. Year-to-date sales have reached 24,841, a decline from 25,963 homes sold a year ago, while the average sales price in the first quarter increased to $284,881 from $269,150.

The data, sourced from Multiple Listing Services by Ohio REALTORS, includes residential closings for new and existing single-family homes as well as condominiums/co-ops. Ohio REALTORS boasts over 35,000 members, making it the largest professional trade association in Ohio, dedicated to serving clients and communities with expertise and professionalism.