Home sales

photo of Akron neighborhood next to I-77
DAN KONIK / STATEHOUSE NEWS BUREAU

Here are your morning headlines for Tuesday, April 23:

For sale sign
WKSU

March home sale figures for Ohio will be released Monday and regardless of whether the number is higher than the month before, realtors are expecting the current sellers' market to continue.

When it comes to real estate, the market typically goes in cycles. Just ask Karen O'Donnell, president of the Akron Cleveland Association of Realtors.

“It goes down, it comes up, it goes down, it comes up.”

And yet, for the past year, home prices have pretty much only gone up. What gives?

sold home graphic
ILLUSTRATEURS / SHUTTERSTOCK

Home sales in Ohio are at their highest level since the Great Recession. That's according to a new report from Ohio Association of Realtors (OAR).

Nationwide, home sales were relatively flat in 2017. But in Ohio, the numbers have been climbing. In Northeast Ohio, nearly 46,000 units have sold so far this year, marking the highest level of pending home sales in the region since the Realtors' group started tracking the statistic in 2008.

"We're just Steady Eddy, which is a great place to be," said association President Pete Kopf,

Photo of a blighted home in Cuyahoga County
WESTERN RESERVE LAND CONSERVANCY

A new report by the Western Reserve Land Conservancy shows the number of home foreclosures in Cuyahoga County continues to drop.

Property values in the county peaked in 2006 and then plummeted due to the effects of the recession.

The report also shows that recovery in the housing market has occurred at an uneven rate, especially in Cleveland’s east side.

Northeast Ohio Home Sales are up in 2015

Dec 27, 2015
For sale sign
WKSU

Northeast Ohio home sales are up about 14 percent from the same time last year. That’s according to the Northern Ohio Regional Multiple Listing Service, which lists properties for 18 counties. WKSU’s Kevin Niedermier reports.

Carl DeMusz of the Northern Ohio Regional Multiple Listing Service says in recent years the region has seen a slow but steady home-sales increase.  But in the last year he says the number of homes on the market has increased considerably.