Industry News

Ohio boasts record real estate sales

Home prices gain in November
Published on Jan 9, 2006

Home sales activity throughout Ohio, on the heels of strong activity in October, maintained a record-breaking pace in November, reports the Ohio Association of Realtors. Home sales in November reached a record 10,861, a 1.1 percent increase from the previous best-ever November 2004 total of 10,738. The month's average sales price of $154,671 is a 3.5 percent increase over the November 2004 average sales price of $149,412. Statewide sales of new and existing homes (January through November 2005) totaled 134,768, a 4.9 percent increase from the 128,415 sales posted during the period a year ago. Additionally, the average sales price during the 11-month period reached $157,056, a 3.3 percent increase from the mark of $151,998 posted last year. "Ohio's housing market continues to surpass even our most optimistic expectations," said OAR President Jim West. "The record books will be rewritten in 2005...as the state's housing market continues to be a true bright spot in the economy." *** Wh...

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