Home sales dipped in Ohio and across the nation last month, as prices climbed, mortgage rates inched up and would-be buyers were stymied by a persistent shortage of available properties.
The Ohio Association of Realtors said Wednesday that statewide sales of new and previously owned homes were off 1.1 percent in May, when compared with a year before. Sales slid 3.6 percent from April, based on seasonally adjusted figures.
In a post on its website, the trade group described sales as "solid" and emphasized how much prices are rising. Buyers paid an average of $187,274 last month, up 5.9 percent from May 2017.
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