Industry News

Midwest real estate sales jump

Condo market impacted for second month

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Housing markets in Ohio and Illinois during February posted strong gains compared to a year ago, while prices experienced mixed movement, according to the Realtor associations in both states. In Ohio, February home sales reached 8,393, a 7.1 percent increase from the 7,834 sales posted in February 2005, the Ohio Association of Realtors reported. The average sales price of an Ohio home dipped 2.6 percent in February to $143,083, down from the year-ago price of $146,971. The Realtors association said a record number of sales were recorded during the January-February period this year --15,346 -- marking a 5.2 percent increase from the 14,589 sales posted during the two-month period in 2005, which served as the market's best ever. The state's average sales price (January-February) of $146,141 nearly mirrors the $147,269 average posted during the period last year, the association reported. In Illinois, single-family home sales reached a new high for the month of February, according to the ...