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Activity in housing market shows signs of life |
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Activity in Ohio's
housing market showed signs of life in April, with sales surpassing the
March level and posting the fourth best ever for the month, according
to statistics provided by Ohio's Multiple Listing Services. "The Ohio housing market continues to display remarkable resiliency...and has for quite some time...despite the fact that the housing sector is undergoing a correction throughout the country," said OAR President Patrick O'Neil. "While our April sales trailed the levels set a year ago, they did rebound from a sluggish March...giving us confidence that consumers are interested in taking advantage of the favorable interest rates and ample supply of housing in all price categories that exist throughout the Buckeye state. "We remain optimistic that the 2007 housing market will continue to offer buyers a solid foundation upon which they can make their American Dream of homeownership a reality." Statewide sales of new and existing homes during the first four months of the year (January through April) total 38,558, 6.4 percent behind the 41,173 sales posted during the period a year ago. The state's average sales price (January-April) of $144,089 marks a 1.9 percent decrease from the $146,901 average price posted during the period a year ago. The total dollar volume reached $5.5 billion, an 8.1 percent decrease from the $6 billion posted in 2006. Sales in April 2007 reached 11,198, a 7.8 percent decrease from the 12,150 sales posted during the month a year ago. Data provided to OAR by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops. This article republished from the Ohio Association of Realtors website: http://www.ohiorealtors.org/absolutenm/templates/article.aspx?articleid=2701&zoneid=62 |
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