Ohio home sales jumped in March, tracking national trend
This story comes from http://www.cleveland.com/ by
The resales market was up 13.2% last month over the previous year and the best sales since March 2007.
” Across the Buckeye State, sales of new and previously owned homes were
up 13.2 percent last month, when compared with a year before. The Ohio Association of Realtors said the state saw its strongest March since 2007. Sales also rose from February.”
This is great news the only concern is inventory. The experts want 6 months worth of inventory but we only have 4.6 months right now. You should also see new home starts grow with this trend because of the lack of resale property.
” Ohio real estate groups report average prices, instead of medians. The
average sale price for a home in the state was $147,124 last month, up
8.5 percent from March 2014″
Always watching the median income properties because of the affordability issue. The average salary in the US is around $51,000 so the median income in our parts is very afforable for them.
if you want to buy a home or sale your investment or residential home please call me at 216-709-5740. I with Coldwell Banker and i have sold 100’s of homes.
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