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Real estate market sales are frozen

Melissa Topey • Aug 27, 2014 at 3:13 PM

Blame it on Old Man Winter, local real estate agents said.

“Weather had a tremendous impact,” said Dave Freitag, CEO Firelands Association of Realtors. “It is hard to sell homes if you and clients can’t get into the driveway”

It’s up to homeowners to make sure their driveways are clear, but with many sellers no longer living in the area, that often doesn’t happen.

It’s also hard to get people into the shopping mood when January’s temperatures were below zero, Freitag said.    

A total of 143 homes were sold in January in the Firelands region, compared to 193 homes sold in December. That made for a 26 percent drop.

Last month’s home sales were about 17 percent below January 2013 numbers, when 172 homes were sold.

The market should rebound once temperatures improve, Freitag and area realtors said.

“The weekends have not been ideal for showing homes with the various winter storms.” said Jamie King, a local realtor. “There are still many buyers out there”

And, for the first time in two and a half years, Ohio’s housing market also fell.

About 120,000 homes were sold in Ohio last month, a 5.1 percent drop compared to December’s 126,400 home sales.

“Certainly, the extreme weather conditions throughout the state during the month contributed to the downturn,” said Chris Hall, president of the Ohio Association of REALTORS.

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