Ohio Real Estate On A Roll

January 28, 2002

Record Number Of Home Sales Last Year, Average Sales Prices Rises To $141,000

Inman News Features

Home sales in Ohio reached record-breaking levels in 2001, both in the number of homes sold and average sales price, according to the 30,000-member Ohio Association of Realtors.

Statewide sales of new and existing homes totaled 112,113 during the year, a 2.9 percent increase from the pace of 108,963 sales posted during 2000. The previous record year was established in 1999, when sales reached 111,112.

"Our housing market defied explanation throughout the year, surpassing our most optimistic expectations," said Ohio Association of Realtors President Steve Brown.

Ohio?s average sales price of $140,967 in 2001 marks a 2.7 percent increase from the $137,256 level of a year ago. The total dollar volume of $15.8 billion was 5.7 percent ahead of the 2000 mark of $14.9 billion.

Home sales reached 7,702 in December, a 14.2 percent increase from the 6,745 home sales during the same month in the prior year. December?s average sales price reached $142,242, a 4.7 percent increase from the $135,821 mark posted during the same month in 2000.

Copyright: Inman News Service

Contact ALTA at 202-296-3671 or [email protected].