Just received our State Realtor Newsletter and boy are the numbers looking good!! I know I have been busy and there is a lot of activity out there – so if it isn’t moving where you are and you have questions, feel free to contact me.
Published by the Ohio Association of REALTORS
Week of Nov. 28
October home sales jump 16.1%
Home sales activity across Ohio surpassed the mark posted during October 2010, a positive result for an industry that has been severely impacted by the economic downturn, according to statistics provided to the Ohio Association of REALTORS by the state’s Multiple Listing Services.Sales in October 2011 reached 8,157, marking a 16.1% increase from the 7,027 sales posted during the month a year ago. The month’s average sale price posted a 7% decrease to $123,218, compared to the $132,461 mark of October 2010. The total dollar volume during the month topped $1 billion, an 8% jump from the $931 million posted a year ago.
According to NAR, total existing-home sales nationally rose 1.4% to a seasonally adjusted annual rate of 4.97 million in October from a downwardly revised 4.90 million in September, and are 13.5% above the 4.38 million unit level in October 2010.