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Economy and Business


Ohio home sales continue to improve
Ohio realtors report their best July in years
by WKSU's KEVIN NIEDERMIER


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Kevin Niedermier
 
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In The Region:

Pending home sales for July in Ohio were up considerably over the same time last year. Ohio Association of Realtors spokesman Carl Horst says big gains were made in the single-family homes and condominium market.

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“The number of homes put under contract in July were up 16 percent ... from the same level a year ago. Since we began tracking the pending home sales index in the state back in 2008, this was our best July."

He says Ohio has posted 27 consecutive monthly gains over the time frame.

Horst says nationally, pending home sales have dipped slightly. He says another sign that Ohio’s market is rebounding, is that prices continue to rise. Meanwhile, the state’s inventory of homes for sale is at an historically low level.

For more on housing sales: http://ohiorealtors.org/2013/08/14/ohios-july-housing-scorecard-inventory-of-homes-on-the-market-remains-low-pace-of-sales-quickens/ 

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