Ohio Home Sales 'Through The Roof'

June 27, 2002

Statewide Sales See 7.8 Percent Increase From Last Year

Inman News Features

The Ohio housing market continued to surpass record-breaking levels through the first five months of the year, both in number of homes sold and average sales price, according to the Ohio Association of Realtors.

"Sales activity in the real estate market has continued to go through the roof," said OAR President Steve Brown, a Dayton Realtor.

Statewide sales of new and existing homes totaled 45,867 during the first five months of the year, a 7.8 percent increase from the pace of 42,543 sales posted during the same period last year, which previously served as the "best-ever mark," according to OAR.

The state's average sales price of $139,354 through May marked a 2.6 percent increase from $135,862 a year ago.

Sales activity in May reached 11,768, a 5.9 percent increase from the 11,111 sales during the month a year ago and topped the previous record for the month of 11,224 set in May 2000.

OAR has 30,000 members. The organization calculates its home sale figures based on statistics provided by the Multiple Listing Services throughout Ohio.

Copyright: Inman News Service

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