Industry News

Central Ohio enjoys real estate boom

Closed transactions up 4.2% in February from year-ago pace

Central Ohio home sales in February were 4.2 percent higher than sales the same month last year, with Realtors recording 1,405 closed transactions, according to the Columbus Board of Realtors Multiple Listing Service. For the eleventh month in a row, Central Ohio home sales have exceeded sales in the same month the year before. Year-to-date home sales for 2004 are now almost 5 percent higher than sales in the first two months of 2003, according to the Columbus Board of Realtors. "We are selling more homes than ever before," said Skip Weiler, president of the Columbus Board of Realtors. "This is due in great part to record-low interest rates. However, we are also seeing local builders providing more affordable housing, as well as creative financing programs. Buyers have more options in new construction than they have ever had before and this is translating into sales." Home prices remained steady last month. At just under $160,000, the average sale price showed no change from last ...