The number of homes sold in the area covered by the Firelands Association of Realtors (FAR) showed strong growth across the board in June. The local market posted gains in activity in both price per sale and number of units sold according to statistics provided by the Ohio Association of Realtors.
“Over the past two years, the Ohio housing market, month-by-month, has made slow, steady and consistent progress in its effort to recover from the economic challenges wrought by the recession,” said OAR President Thomas J. Williams. “Attaining 24 consecutive months of gains in sales activity – our longest stretch in uninterrupted growth ins 16 years of tracking Ohio home sales – is a clear indicator of growing consumer confidence and a renewed appreciation that housing is a solid, long term investment.”
In June, the local housing market showed a 15.9% increase in the number of units sold compared to June of 2012. Most encouraging was the over 26% increase in the total dollar volume, thanks in large measure to a significant increase in the average sale price to over $130,000 compared to just over $119,000 last year.
For the year, the total of units sold since January is up over 13% while the total dollar volume in home sales is up nearly 18% compared to the same time frame last year. The average sale price is up nearly $5,000 per unit sold for the year compared to January through June of 2012.