News
News Home
The Regina Brett Show
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
Weather
From WKYC.COM / TV 3
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Greater Akron Chamber

NOCHE

Hennes Paynter Communications


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Northeast Ohio housing market feeds on strong rebound
Home sales jump more than 17 percent so far this year compared to the same period last year.
by WKSU's SIMON HUSTED

Reporter
Simon Husted
 

Home sales in Northeast Ohio are rebounding in a big way so far this year. Sales increased more than 17 percent from January through October compared to the same period last year. The total amount of money that changed hands also increased, by more than 22 percent.

The figures cover 17 counties from Cuyahoga to Cochocton and from  Mahoning to Medina.

Carl DeMusz of the Northern Ohio Realty Multiple Listing Service says Northeast Ohio’s housing market is back to the levels of the year 2000. 

Listen to DeMusz

Other options:
Windows Media / MP3 Download (0:19)


“It was a good exercise to go back 12 years and really compare the numbers and understand exactly where we stood," DeMusz says. "And that gave us two important benchmarks— of 2005 being the high point and 2011 being the low point. And now we are on our way back up. So I am pretty optimistic about the recovery on housing.”

Average home prices also increased in Northeast Ohio compared to this time last year.

In Summit County, the average price increased by more than 11 percent. The Stark County average went up by more than 8 percent and in Cuyahoga County, it climbed nearly 3 percent.

The following is a breakdown of housing stats on each of Northeast Ohio's three largest counties: Stark, Cuyohoga and Summit:

Summit County - October 2012


Oct. 2012 Oct. 2011 Change % YTD 2012 YTD2011 Change %
Sold listings 521 414 25.8 4,821 4,222 14.2
Money exchanged 68,976,232 47,790,090 44.3 653,790,273 513,015,220 27.4
Average sale price 132,392 115,435 14.7 135,613 121,510 11.6



Stark County - October 2012

 


Oct. 2012 Oct. 2011 Change % YTD 2012 YTD2011 Change %
Sold listings 521 414 25.8 4,821 4,222 14.2
Money exchanged 68,976,232 47,790,090 44.3 653,790,273 513,015,220 27.4
Average sale price 132,392 115,435 14.7 135,613 121,510 11.6



Cuyohoga County - October 2012

 


Oct. 2012 Oct. 2011 Change % YTD 2012 YTD2011 Change %
Sold listings 353
248 42.3 3,082 2,786 10.6
Money exchanged 38,786,228 24,751,144 56.7 348,167,376 289,866,584 20.1
Average sale price 109,876 99,803 10.1 112,968 104,044 8.6



Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

GRADING THE TEACHERS: Is the answer all in the value-added numbers?
The education of a child is a collaboration among three equally important components: the teacher, the child and the parents/care-giver. If one of these three c...

How many airports does Ohio need, and how many can it afford?
HI, ACTUALLY I NEED A AIRPORT NEAR BY FINDLAY UNIVERSITY IN OHIO

Ohio gay rights organizations argue over timing of a marriage amendment
Ian James and his group are jumping the gun and acting selfishly IMO. Timing IS everything on an issue. Put it on the ballot BEFORE there's multiple polls showi...

Ohio Supreme Court to rule whether benefits count in child support
This person is the director of a non-profit that is closely connected with a for profit business. The abuses of so called "non-profit" businesses is out of cont...

Ohio senator wants a five-year database of casino customer photos
Nice timing Coley, in the wake of the Verizon data collection fiasco. You just flipped a lifelong Republican to Independent. What is happening to our country? ...

Ohio tea party members prepare to sue the IRS
All Tea Party members should be involved in lawsuit against Government for eavesdropping, intimidation and character assasination!

Ohio Senate's unrecorded voting process raises questions
This type of voting strikes me as down right unconstitutional AND very un-American...quite similar to what one expects in eastern block countries of Europe and ...

Goodyear celebrates new global headquarters in Akron
Good news for Akron and Northeast Ohio. Another opportunity to keep some of the high tech qualified young engineers close to home.

Akron's push for food-labeling part of a national movement
I couldn't believe my ears, so I looked up the text. Sure enough, you really did say the following: "GMOs are ... seeds that have been genetically engineered b...

Ohio considers guns and God and public schools
Rep. Patmon is making the mistake that many people make: that belief in god and belief in religion are the same. They are not. If fact, the "founding fathers"...

Copyright © 2013 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University