Industry News

Ohio home sales jump in October

Average price ekes out modest increase

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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...