OH: Home Sales Surged in August

Ohio Gay Real EstateFor the second consecutive month, home sales have surged in Ohio. The Ohio Association of Realtors has reported that home sales statewide in August rose nearly 22% compared with August 2010. That increase followed an 18% statewide rise in July from the like period a year ago. Sales in Northeast Ohio rose even more sharply in August; they were up 26%.

Meg Hudson, the association’s president, asid in a statement that the August figures represent “the first back-to-back monthly gains in sales activity since May and June a year ago. Our market continues making strides toward fully regaining its footing and overcoming the challenges that have beset the sector since the onset of the recession in 2008.”

It also was the second month of 2011 in which results did not suffer from the comparison with a month in 2010 that featured an $8,000 federal tax credit for first-time homebuyers and a $6,500 credit for some repeat buyers.

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Full Story from CrainsCleveland.com

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