The Ohio housing market experienced an increase in activity in May despite housing prices across the state and the country reaching all-time highs.

According to a report from Ohio REALTORS, home sales in May 2024 reached 12,642, a 3.2% increase from the 12,246 home sales recorded during the month a year ago.

This is despite a sharp uptick in housing prices within the same timeframe. The average sales price across Ohio in May reached $305,041, a 9.1% increase from the $279,686 mark posted in May 2023.

“We’re thrilled to see a positive trend in Ohio’s housing market,” says Ohio REALTORS President Ali Whitley. “The rise in sales and average prices reflects strong demand and confidence in our state’s real estate, confirming that homeownership remains a valuable long-term investment.”

This also comes as the price of housing in the United States has reached an all-time high. The median price of an existing home in the U.S. sold in May was $419,300, a record-high price in the Realtors’ recording, and up 5.8% year over year.

According to data from the Redfin Corporation, housing prices in Ohio usually reach their highest value in June, while prices for the year are usually at their lowest during the first month of the year, between January into February.