Industry News

Ohio home sales jump in October

Average price ekes out modest increase
Published on Nov 28, 2005

Home sales in Ohio jumped in October, the Ohio Association of Realtors reported. Sales in October 2005 reached a record-breaking 12,240, a 5.3 percent increase from the 11,626 sales posted during the month last year, the OAR said. The previous best-ever October occurred in 2003, when sales reached 11,730, according to the OAR. The month's average sales price of $154,805 is a 0.3 percent increase over the October 2004 average sales price of $154,368, the OAR said. Statewide sales of new and existing homes (January through October) total 124,358, a 5.3 percent increase from the prior record of 118,096 sales posted during the period in 2004, the association said. The state's average sale price (January-October) of 157,017 marks a 3.3 percent increase from the $151,975 average price posted during the period a year ago, the OAR said. The total dollar volume of more than $19.5 billion is 8.8 percent ahead of the $17.9 billion level posted during the 10-month period in 2004, accordin...

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