Central Ohio home sales in June were down slightly from a year ago but still ahead for the first half of 2005, the Columbus Board of Realtors Multiple Listing Service reported.

The 2,766 residential homes sold in June 2005 represent a 2.2 percent decrease from the 2,827 homes sold in June 2004. However, sales for the first six months of 2005 are still ahead of the same period last year by 0.5 percent.

“Although sales are down slightly last month, we need to consider that sales in June of 2004 jumped 18 percent over the previous year,” said Doug McCloud, president of the Columbus Board of Realtors. “The jump in sales last year was due to closings resulting from contracts written when interest rates hit their lowest in spring of 2004.”

The report for home price appreciation, however, is quite favorable, the association reported. The average sales price in June was $192,642, up 5.4 percent from $182,827 reported in June 2004.

According to McCloud, the average sale price for the first half of 2005 is $177,347, which is up 5.2 percent over the same period last year.

The Columbus Board of Realtors Multiple Listing Service serves all of Franklin, Delaware, Union, Madison and Morrow counties, and some of Licking, Fairfield, Knox, Logan, Marion and Pickaway counties.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
The best event in real estate kicks off next week! Tickets are selling quickly.Register Now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription