Industry News

Ohio real estate sales shatter records

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The pace of home sales throughout Ohio reached record levels in June and during the first six months of the year, reports the Ohio Association of Realtors. Sales in June 2005 posted a record-breaking mark, reaching 15,315, a 3.3 percent increase from the previous record of 14,821 sales posted during the month a year ago. With the June sales tally the market has now reached eight consecutive record-setting months of activity, dating back to November 2004. Additionally, the market has posted record sales in 13 of the last 14 months. The month's average sales price of $164,567 is a 0.8 percent increase over the June 2004 average sales price of $163,246. Statewide sales of new and existing homes this year (January-June) totaled 69,031, a 4.8 percent increase from the 65,888 sales posted during the six-month period in 2004, which previously served as the best-ever mark. The state's average sale price (January-June) of $153,734 marks a 2.9 percent increase from the $149,408 average posted...