Ohio Existing Home Sales Jumped More Than 20% in May

Ohio Gay Real EstateMonthly sales of existing single-family homes and condos jumped by over twenty percent in Ohio during May while total sales for the year are thirteen percent ahead of last year’s pace according to the latest housing data from the Ohio Association of Realtors(R) (OAR).

An estimated total of 11,018 existing single-family homes and condos were sold in the Buckeye State in May. That was 21.1 percent higher than the 9,099 homes sold in April and 19.0 percent higher than the 9,258 homes sold in May 2011. It was the 11th consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio increased by 4.2 percent in May to $135,450, up from $130,003 in April, and was 2.6 percent higher than the average price of $131,895 in May of last year.

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Authored By Shirley Allen – See the Full Story at Loan Rate Update

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