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Economy and Business

Ohio's housing sales increase slightly
Contracts for single-family homes and condos were up 1.5 percent in December compared to the same month in 2012

Chris Hall, president of the Ohio Association of Realtors, says the slight increase is an indicator that the housing market is moving in the right direction.
Courtesy of Ohio Association of Realtors
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After a two-month dip, Ohio’s housing numbers are up slightly compared to a year ago.

Contracts for single-family homes and condos were up 1.5 percent in December compared to the same month in 2012.

Chris Hall is the president of the Ohio Association of Realtors. He says although the numbers don’t appear significant, they indicate that the market is moving in the right direction.

LISTEN: Increase gives confidence to other people about to enter the market

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“The important thing to realize is that with real estate being so local, this is a statewide number. And it’s so different in every community. We’ve had some that were up quite a bit, some not so much, so it’s just a good sign of the balance that we’re starting to see in the real estate business finally.”

Hall says he believes the increase in the number of homes under contract to purchase gives confidence to other people about to enter the market.
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