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Ohio Home Sales Jump Over Thirty Percent in March
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You're Now Reading:
Ohio Home Sales Jump Over Thirty Percent in March
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Ohio Home Sales Jump Over Thirty Percent in March
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May 1, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos in the state of Ohio were up over 30 percent from February to March, the ninth consecutive month that annual home sales have improved in the state according to the latest housing data from the Ohio Association of Realtors® (OAR).

An estimated total of 8,712 existing single-family homes and condos were sold in the Buckeye State in March. That was 31.8 percent higher than the 6,608 homes sold in February and 8.9 percent higher than the 8,104 homes sold in March 2011. It was the ninth consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio increased by 6.8 percent in March to $124,088, up from $116,196 in February, and was 8.9 percent higher than the average price of $113,062 in March of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “Activity in March was substantial and we’ve now posted nine consecutive monthly sales gains, dating back to July 2011. We’re extremely hopeful that the housing sector will continue to make progress throughout 2012 and build upon the solid foundation that has been established.”

Of the 20 local boards that provided data for the monthly report, fourteen of the boards reported gains from the previous year with Knox (+68.8 percent) reporting the largest increase while Lancaster (-43.8 percent) posted the largest year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 2,637 home sales, up from 2,522 a year ago, while Columbus followed with an estimated 1,504 home sales for the month, up from 1,490 in March of 2011.

“We remain confident about the Ohio marketplace – as interest rates remain at historic low levels, prices have begun to stabilize, sellers are realistic in their expectations and consumers understand that long term, owning a home is a tremendous investment,” Miller added.

Tags: existing homes, condos, sales, median home prices, Ohio

Source:
OAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

May 1, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos in the state of Ohio were up over 30 percent from February to March, the ninth consecutive month that annual home sales have improved in the state according to the latest housing data from the Ohio Association of Realtors® (OAR).

An estimated total of 8,712 existing single-family homes and condos were sold in the Buckeye State in March. That was 31.8 percent higher than the 6,608 homes sold in February and 8.9 percent higher than the 8,104 homes sold in March 2011. It was the ninth consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio increased by 6.8 percent in March to $124,088, up from $116,196 in February, and was 8.9 percent higher than the average price of $113,062 in March of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “Activity in March was substantial and we’ve now posted nine consecutive monthly sales gains, dating back to July 2011. We’re extremely hopeful that the housing sector will continue to make progress throughout 2012 and build upon the solid foundation that has been established.”

Of the 20 local boards that provided data for the monthly report, fourteen of the boards reported gains from the previous year with Knox (+68.8 percent) reporting the largest increase while Lancaster (-43.8 percent) posted the largest year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 2,637 home sales, up from 2,522 a year ago, while Columbus followed with an estimated 1,504 home sales for the month, up from 1,490 in March of 2011.

“We remain confident about the Ohio marketplace – as interest rates remain at historic low levels, prices have begun to stabilize, sellers are realistic in their expectations and consumers understand that long term, owning a home is a tremendous investment,” Miller added.

Tags: existing homes, condos, sales, median home prices, Ohio

Source:
OAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

May 1, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos in the state of Ohio were up over 30 percent from February to March, the ninth consecutive month that annual home sales have improved in the state according to the latest housing data from the Ohio Association of Realtors® (OAR).

An estimated total of 8,712 existing single-family homes and condos were sold in the Buckeye State in March. That was 31.8 percent higher than the 6,608 homes sold in February and 8.9 percent higher than the 8,104 homes sold in March 2011. It was the ninth consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio increased by 6.8 percent in March to $124,088, up from $116,196 in February, and was 8.9 percent higher than the average price of $113,062 in March of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “Activity in March was substantial and we’ve now posted nine consecutive monthly sales gains, dating back to July 2011. We’re extremely hopeful that the housing sector will continue to make progress throughout 2012 and build upon the solid foundation that has been established.”

Of the 20 local boards that provided data for the monthly report, fourteen of the boards reported gains from the previous year with Knox (+68.8 percent) reporting the largest increase while Lancaster (-43.8 percent) posted the largest year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 2,637 home sales, up from 2,522 a year ago, while Columbus followed with an estimated 1,504 home sales for the month, up from 1,490 in March of 2011.

“We remain confident about the Ohio marketplace – as interest rates remain at historic low levels, prices have begun to stabilize, sellers are realistic in their expectations and consumers understand that long term, owning a home is a tremendous investment,” Miller added.

Tags: existing homes, condos, sales, median home prices, Ohio

Source:
OAR

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.