News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Area Agency on Aging 10B, Inc.

Lehmans


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

Study shows raising the cigarette tax a dollar could raise $342 million
So, it takes an expert to tell us raising the tobacco tax raises the revenue for the state? Doh. By the way, any one who was going to quit smoking probably alre...

Pluto: Another off-season, another Browns quarterback conundrum
The Browns do need a draftable QB for the future. Johnny Manziel needs to go and that leaves Brian Hoyer and Connor Shaw. Free agency doesn't really have any so...

Exploradio: Improving the lives of paralyzed people
God bless you doctor. I hope to be alive the day that humans, like me, can use the results of your search...

Nature and nourishment down by the river at the Metroparks' Merwin's Wharf
I love QUICKBITES! I look forward to it every week. One question: is it possible to include a link to the restaurant or store that you profile? Thanks!

Canton's proposed Timken-McKinley school merger is drawing spirited debate
From a sports opinion Varsity would have a lot more talent to choose from So Im sure varsity sports would improve.Also Timkens name would be much more published...

Canton school board will decide whether to merge high schools
I really hope we can save those jobs, usually we try to cut budgets but the demand is still the same. Then we look bad a year or two after the descion is made. ...

FirstEnergy wants PUCO guarantees on nuclear and coal prices
Would just comment that the plant has admitted the following (as reporting in the Akron Beacon Journal): "The utility has said it may have difficulty keeping t...

Mozzarella's easy when you have a way with curd
Hello, Where can I get such a heater that you have? Does it hold temperature that you set? What brand and model is it? Thank you in advance!! :)

Pluto: A healthy LeBron James is the key for the rocky Cavs
It's time to back our Cleveland professional teams through thick and thin. I've seen management, players and coaches come and go and it hasn't changed a thing. ...

Legal marijuana group offers new details about ballot issue
Americans feel as if they should have the right to decide on their own if and when it is or is not a responsible time to have a drink or smoke a joint. The fac...

Copyright © 2015 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