WKSU News: Home sales in Northeast rebound

Thursday, June 21, 2012 Home sales in Northeast rebound Cuyahoga and Stark county lead in sales. by WKSU's SIMON HUSTED	Reporter Simon Husted

Sales of homes in Northeast Ohio are rebounding in volume and price.

Ohio home sales are rebounding, and the Northeast Ohio is leading the recovery.

According to the Ohio Association of Realtors, sales increased more 13 percent in the first five months of this year, compared to the same period last year. People have bought more than 13-thousand homes the region’s 17 counties this year. That’s up nearly 20 percent over a year ago.

Carl DeMusz is CEO of the listing service for home sales in northern Ohio. He says low interest rates and prices contributed to the rebound, but not as much as the economy.

DeMusz on the employment rebound.

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“Cleveland is really doing well now and we’ve had years where that wasn’t the case," he says. "The Cleveland Clinic, University Hospitals and the Medical Mart are being built downtown. (There’s also) fracking. The shale impact has racked up our steel production for piping and things of that nature. There’s just a lot of things that have contributed to the employment improvement and so that is what’s got us excited.”

Within Northeast Ohio, Stark and Cuyahoga counties had the biggest increase in sales. Tuscarawas, Carroll and Summit counties had the biggest increase in average prices.

			January 2012
	Monthly Statistical Report - Residential by County - Primary Counties

		Ashtabula County		# Active	637
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	111	125	-11.2	111	125	-11.2
Sold Listings	38	47	-19.1	38	47	-19.1
$ Volume - Sold	3,126,222	4,212,657	-25.8	3,126,222	4,212,657	-25.8
Average Sale Price	82,269	89,631	-8.2	82,269	89,631	-8.2
High Sale Price	243,000	230,000	5.7	243,000	230,000	5.7
Low Sale Price	9,000	6,800	32.4	9,000	6,800	32.4
Average Market Time	169	113	49.6	169	113	49.6

		Cuyahoga County		# Active	7575
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	1,477	1,822	-18.9	1,477	1,822	-18.9
Sold Listings	599	463	29.4	599	463	29.4
$ Volume - Sold	68,357,880	55,623,894	22.9	68,357,880	55,623,894	22.9
Average Sale Price	114,120	120,138	-5.0	114,120	120,138	-5.0
High Sale Price	1,720,000	1,511,000	13.8	1,720,000	1,511,000	13.8
Low Sale Price	1,200	3,800	-68.4	1,200	3,800	-68.4
Average Market Time	124	111	11.7	124	111	11.7

		Geauga County		# Active	602
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	106	124	-14.5	106	124	-14.5
Sold Listings	35	28	25.0	35	28	25.0
$ Volume - Sold	6,268,185	6,084,456	3.0	6,268,185	6,084,456	3.0
Average Sale Price	179,091	217,302	-17.6	179,091	217,302	-17.6
High Sale Price	800,000	462,000	73.2	800,000	462,000	73.2
Low Sale Price	20,000	21,000	-4.8	20,000	21,000	-4.8
Average Market Time	157	122	28.7	157	122	28.7

		Lake County		# Active	1482
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	319	321	-0.6	319	321	-0.6
Sold Listings	119	111	7.2	119	111	7.2
$ Volume - Sold	14,634,620	12,864,678	13.8	14,634,620	12,864,678	13.8
Average Sale Price	122,980	115,898	6.1	122,980	115,898	6.1
High Sale Price	410,000	510,000	-19.6	410,000	510,000	-19.6
Low Sale Price	15,000	14,500	3.4	15,000	14,500	3.4
Average Market Time	120	112	7.1	120	112	7.1

		Lorain County		# Active	1934
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	412	394	4.6	412	394	4.6
Sold Listings	179	131	36.6	179	131	36.6
$ Volume - Sold	18,399,231	12,535,259	46.8	18,399,231	12,535,259	46.8
Average Sale Price	102,789	95,689	7.4	102,789	95,689	7.4
High Sale Price	597,584	600,000	-0.4	597,584	600,000	-0.4
Low Sale Price	5,000	9,000	-44.4	5,000	9,000	-44.4
Average Market Time	110	92	19.6	110	92	19.6

		Medina County		# Active	1103
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	252	265	-4.9	252	265	-4.9
Sold Listings	89	77	15.6	89	77	15.6
$ Volume - Sold	14,009,757	12,420,639	12.8	14,009,757	12,420,639	12.8
Average Sale Price	157,413	161,307	-2.4	157,413	161,307	-2.4
High Sale Price	475,000	465,000	2.2	475,000	465,000	2.2
Low Sale Price	20,001	25,000	-20.0	20,001	25,000	-20.0
Average Market Time	109	116	-6.0	109	116	-6.0










			January 2012
	Monthly Statistical Report - Residential by County - Primary Counties

		Carroll County		# Active	108
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	18	24	-25.0	18	24	-25.0
Sold Listings	15	14	7.1	15	14	7.1
$ Volume - Sold	1,749,405	1,463,896	19.5	1,749,405	1,463,896	19.5
Average Sale Price	116,627	104,564	11.5	116,627	104,564	11.5
High Sale Price	270,000	311,000	-13.2	270,000	311,000	-13.2
Low Sale Price	26,500	21,600	22.7	26,500	21,600	22.7
Average Market Time	127	132	-3.8	127	132	-3.8

		Colombiana County		# Active	483
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	89	91	-2.2	89	91	-2.2
Sold Listings	50	30	66.7	50	30	66.7
$ Volume - Sold	4,177,600	2,598,840	60.7	4,177,600	2,598,840	60.7
Average Sale Price	83,552	86,628	-3.6	83,552	86,628	-3.6
High Sale Price	850,000	170,000	400.0	850,000	170,000	400.0
Low Sale Price	4,500	11,000	-59.1	4,500	11,000	-59.1
Average Market Time	183	123	48.8	183	123	48.8

		Coshocton County		# Active	106
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	35	28	25.0	35	28	25.0
Sold Listings	8	12	-33.3	8	12	-33.3
$ Volume - Sold	698,904	857,400	-18.5	698,904	857,400	-18.5
Average Sale Price	87,363	71,450	22.3	87,363	71,450	22.3
High Sale Price	156,000	146,000	6.8	156,000	146,000	6.8
Low Sale Price	13,500	14,500	-6.9	13,500	14,500	-6.9
Average Market Time	159	100	59.0	159	100	59.0

		Mahoning County		# Active	1439
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	303	284	6.7	303	284	6.7
Sold Listings	123	98	25.5	123	98	25.5
$ Volume - Sold	9,326,967	7,264,250	28.4	9,326,967	7,264,250	28.4
Average Sale Price	75,829	74,125	2.3	75,829	74,125	2.3
High Sale Price	394,000	274,000	43.8	394,000	274,000	43.8
Low Sale Price	5,000	2,500	100.0	5,000	2,500	100.0
Average Market Time	112	110	1.8	112	110	1.8

		Portage County		# Active	756
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	170	173	-1.7	170	173	-1.7
Sold Listings	75	64	17.2	75	64	17.2
$ Volume - Sold	9,652,575	7,985,088	20.9	9,652,575	7,985,088	20.9
Average Sale Price	128,701	124,767	3.2	128,701	124,767	3.2
High Sale Price	460,000	410,000	12.2	460,000	410,000	12.2
Low Sale Price	12,200	17,600	-30.7	12,200	17,600	-30.7
Average Market Time	124	86	44.2	124	86	44.2

		Stark County		# Active	1563
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	461	522	-11.7	461	522	-11.7
Sold Listings	199	153	30.1	199	153	30.1
$ Volume - Sold	17,817,266	13,344,354	33.5	17,817,266	13,344,354	33.5
Average Sale Price	89,534	87,218	2.7	89,534	87,218	2.7
High Sale Price	385,150	399,000	-3.5	385,150	399,000	-3.5
Low Sale Price	3,500	2,500	40.0	3,500	2,500	40.0
Average Market Time	85	81	4.9	85	81	4.9









			January 2012
	Monthly Statistical Report - Residential by County - Primary Counties

		Summit County		# Active	3394
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	694	769	-9.8	694	769	-9.8
Sold Listings	305	245	24.5	305	245	24.5
$ Volume - Sold	33,327,350	24,046,995	38.6	33,327,350	24,046,995	38.6
Average Sale Price	109,270	98,151	11.3	109,270	98,151	11.3
High Sale Price	708,000	665,000	6.5	708,000	665,000	6.5
Low Sale Price	4,500	4,000	12.5	4,500	4,000	12.5
Average Market Time	95	97	-2.1	95	97	-2.1

		Trumbull County		# Active	1186
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	190	253	-24.9	190	253	-24.9
Sold Listings	91	84	8.3	91	84	8.3
$ Volume - Sold	6,541,353	5,503,008	18.9	6,541,353	5,503,008	18.9
Average Sale Price	71,883	65,512	9.7	71,883	65,512	9.7
High Sale Price	380,000	280,000	35.7	380,000	280,000	35.7
Low Sale Price	2,500	2,400	4.2	2,500	2,400	4.2
Average Market Time	172	150	14.7	172	150	14.7

		TuscarawasCounty		# Active	365
	Jan - 12	Jan - 11	Change %	YTD - 12	YTD - 11	Change %
NewListings	72	90	-20.0	72	90	-20.0
Sold Listings	43	45	-4.4	43	45	-4.4
$ Volume - Sold	4,761,906	4,231,800	12.5	4,761,906	4,231,800	12.5
Average Sale Price	110,742	94,040	17.8	110,742	94,040	17.8
High Sale Price	265,000	253,000	4.7	265,000	253,000	4.7
Low Sale Price	30,000	9,900	203.0	30,000	9,900	203.0
Average Market Time	119	134	-11.2	119	134	-11.2

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