02/18/2019

As Prices Climb, Ohio Home Sales Fall in December

Sales of new and previously-owned homes fell 8.1 percent from November

As home prices continued to rise in Ohio last month, sales fell off from year-ago levels. Still, state real estate professionals were upbeat about how 2018 ended.

“It was a solid year for the Ohio housing market, as we experienced record gains in average prices and nearly matched our best-ever level of sales activity,” said Anjanette Frye, president of the Ohio Association of Realtors, in a statement accompanying the statewide trade association’s December sales report this week. Those figures are gathered from multiple listing services.

In December, sales of new and previously-owned homes fell 8.1 percent from November and 5.3 percent from December 2017. For the year, home sales were down 1 percent from 2017.

Please select this link to read the complete article from The Cleveland Plain Dealer.