Top Small Teams in Ohio – Ranked By Sides

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2022 Market Summary

Ohio started 2022 with a total of 8,718 single-family homes on the market, with a median home price of $175,000 and an average price per square foot of $129. By the end of the year, inventory had increased to 11,994 homes on the market (+37%), with a median home price of $215,450 (+23%) and an average price per square foot of $149 (+15%).

At the start of 2022, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

Ohio started the year with 30% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 38% of Ohio homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Ohio started 2022 as a strong seller’s market, with an MAI score of 51; by the end of the year, the MAI had dropped to 39 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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