Industry News

Ohio real estate sales surge

Realtors report record activity in September

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Central Ohio home sales jumped 6.6 percent in September from their year-ago level and set a record for the month, according to the Columbus Board of Realtors Multiple Listing Service. Realtors reported 2,264 homes sold last month, compared to 2,124 sold in September 2003. Year-to-date home sales are now 9.9 percent of the same period last year, the association reported. "To experience a 6 percent surge in sales after so many doom-and-gloom housing forecasts suggests buyers aren't listening to these reports," said Skip Weiler, president of the Columbus Board of Realtors. The average sale price last month crept up to $171,537, which is 2.6 percent higher than the year-ago price of $167,148. The sales prices along with number of home sales puts the total dollar volume of homes sold this year at just over $3.5 billion – a 10.8 percent increase over last year. "Traditionally, we expect to see home sales slowing down this time of year," Weiler said. "However, as interest rates co...