Our Real Estate Market that is!! I know I’ve been busy, almost non-stop and lots of activity with buyers coming out and taking advantage of the LOW interest rates, sellers being reasonable about their pricing and I’m flooded with phone calls for people searching!! But just so you don’t think it’s “just me” here’s a report from our Ohio Association of Realtors President:
The Ohio housing market heated up in July, with sales activity and average
prices posting gains from the period a year earlier, according to statistics
provided to the Ohio Association of REALTORS® by the state’s Multiple Listing
Services.
“Throughout the state, we experienced a significant uptick in activity in July which
has buoyed the industry’s outlook for the second half of the year,” said OAR President
Meg Hudson. “We’re hopeful that the marketplace is poised to regain its footing and
overcome the challenges that have beset the sector since the onset of the recession in
2008.”
Sales in July 2011 reached 9,185, marking a 17.8 percent increase from the 7,796 sales posted
during the month a year ago. The month’s average sale price posted a 3.1 percent increase to
$140,903, compared to the $136,697 mark of July 2010. The total dollar volume during the month
nearly reached $1.3 billion, a 21.4 percent jump from the $1.1 billion posted a year ago.
See full report here: http://www.ohiorealtors.org/news/stats/2011/july.pdf