Industry News

Real estate sales mixed in Midwest

Illinois price gains still going strong

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Housing markets in Ohio and Illinois during January ran the gamut from record-breaking to cooling, according to the Realtor associations in both states. In Ohio, home sales got off to a solid start in 2006, as statewide sales of new and existing homes totaled 7,406 last month, a 3.2 percent increase from the prior best ever of 7,175 sales posted a year earlier, the Ohio Association of Realtors reported. "Sales activity was solid in January, with consumers continuing to take advantage of favorable interest rates and an ample supply of housing in all price categories," said OAR President Darlene Breen. "We remain optimistic that Ohio's real estate market, which has posted five consecutive years of record-shattering sales, will continue to enjoy solid activity in 2006. However, we're fully aware that many housing experts are projecting that the trend of record sales levels is not expected to continue throughout the year." The average sale price of an Ohio home in January at $147,915 mar...