Industry News

Central Ohio real estate surges

Homes sales up 36% in March from year-ago level

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Central Ohio home sales in March jumped 36.5 percent from the same month last year, setting a regional record for that month with 2,156 homes sold, according to the Columbus Board of Realtors Multiple Listing Service.   These sales put homes sold in the 1st quarter of 2004 at 17 percent higher than the 1st quarter of 2003, the Columbus Board of Realtors reported.   "There's no question that this surge in sales was due in part to the fact that interest rates bottomed out in March. However, in talking with other Realtors, we're hearing a number of additional explanations for the dramatic increase in sales," said Skip Weiler, president of the Columbus Board of Realtors.    "Sellers are more aware of the market, interested in selling quickly and without hassles so they are pricing their homes realistically. Buyers are more educated and have already made the decision to buy when they hit the market. They are making no-nonsense offers to purchase as they are looking ...