Sales of Houses Jump Throughout Ohio August
COLUMBUS, Ohio -- The number of houses sold across Ohio increased 16.9% in August compared with August 2012 as the real estate agents posted year-over-year gains in activity for the 26th consecutive month, the Ohio Association of Realtors announced Thursday.
Sales in the 17-county region that includes Mahoning, Trumbull and Columbiana counties were up 11.7%.
“The Ohio housing market continues to build a solid foundation for a sustainable and growing marketplace,” said Thomas J. Williams, president of the Realtors association, in a prepared statement. “Attaining an unprecedented 26 straight months of year-over-year gains in sales activity -- our longest stretch of uninterrupted growth in 16 years of tracking Ohio home sales -- is a clear indicator of robust consumer confidence and a renewed appreciation that, long-term, housing is a sound investment.”
The Northeast Ohio Real Estate Exchange, which includes the three counties, says 4,311 units were sold last month, up 11.7% from August 2012. The dollar volume was $635,227,120, up 20%, and the average sale price of $146,670 was up 7.4%.
From January through August, 27,441 units were sold in the 17 Exchange counties, up 13.6%. The dollar volume of $3,788,070,521 was up 22.9% and the average sale price of $138,044 was up 8.2%.
Statewide, sales through the first eight months of 2013 reached 88,268, a 17.5% increase from the same period a year ago. The average sales price (January through August) is $143,786, a 6.1% increase from the $135,465 mark set during the period a year ago.
Total dollar volume this year is nearly $12.7 billion, a 24.7% increase from the eight-month mark of a year ago of nearly $10.2 billion.
Sales in August reached 13,545, a 16.9% increase from August 2012 and the month’s best mark since 2006. The average sales price of $149,963 is a 3.4% increase from the $145,093 average price posted in August 2012.
Published by The Business Journal, Youngstown, Ohio.
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