Industry News

Midwest real estate sales mixed

Record activity spreads across Ohio

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Home sales activity throughout Ohio heated up in July to record levels, while sales in Illinois slowed from a year ago, according to the Realtor associations in those states. Ohio sales in July reached a record-breaking 13,996, up 1.7 percent from the 13,763 sales posted during the month last year, which previously served as the market's best ever, reports the Ohio Association of Realtors. The month's average sales price of $165,283 is a 5 percent increase over the July 2004 average sales price of $157,391, OAR reported. Statewide sales of new and existing homes (January through July) totaled 83,250, a 4.5 percent increase from the prior record of 79,651 sales posted during the period in 2004. The state's average sale price (January-July) of $155,749 marks a 3.3 percent increase from the $150,787 average posted during the period a year ago. In Illinois, July home sales slowed from last year's record pace, according to the Illinois Association of Realtors, while year-to-date to...