Industry News

Central Ohio real estate sales surge

Late-summer frenzy hits region

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Central Ohio home sales in August climbed 8.9 percent from a year ago, putting some sizzle into the late-summer selling season, the Columbus Board of Realtors reported today. Realtors documented 2,875 home sales last month, up from the 2,639 homes sold in August 2004. "Closing activity was fair but not great in the June and July, which reflects more on home-buying activity in the spring months" said Doug McCloud, president of the Columbus Board of Realtors. "But August sales jumped up significantly – a direct reflection of vigorous showing and selling activity in the early summer months." According to McCloud, there are already more than 2,200 homes under contract midway through September, suggesting that closings at month's end will be exceptionally strong. Central Ohio homes sold for an average of $183,572 in August, which is 5.7 percent higher than the August 2004 price of $173,708. The Columbus Board of Realtors Multiple Listing Service serves all of Franklin, Delaware, Unio...