Local home sales improve

Despite the weather, home sales rebounded both locally and across the state in January.
Tom Jackson
Feb 24, 2011

 

Despite the weather, home sales rebounded both locally and across the state in January.

Figures released Wednesday by the Ohio Association of Realtors show that home sales were up 8.7 percent in January in the Firelands Association of Realtors area, which consists of Erie, Ottawa, Huron, Sandusky and Seneca counties.

A total of 112 homes sold last month, compared to 103 in January 2010. Statewide, home sales rose 0.4 percent during the same period.

The average sales price fell 14.8 percent in the Firelands area (from $117,308 in January 2010 to $99,949 last month) and fell 4.8 percent statewide.

 

For more on this story, see today's Register or e-paper.

RELATED STORY

Foreclosures up in Erie, Ottawa counties

Comments

Exxcellent

What a load of crap. The numbers only rose because the banks bought up all of the forclosed houses.

here in ohio

SWEET..... sounds like a good time to put mine up for sale now...... I HATE OHIO WINTERS !!!!...LOL

BytheBy

@Cracker

No, because bank sold homes they got back from deadbeats!

Banks don't buy foreclosures genius!

outsider

 I would like to know how many of these homes were bank buy backs. How about we use accurate figures and tell the truth rather than trying to create a feel good moment ?

6079 Smith W
Sales may have been up, but I’d wager that the avg. sale price was down.   From The Ohio Association of Realtors website:   “The average sales price of homes statewide fell 4.8%, to $115,439 last month from $121,234 in the like month a year ago. The total dollar volume of sales in January was $614.9 million, down 4.4% from $643.3 million in January 2010.”   http://www.ohiorealtors.org/news/stats/2011/jan.pdf  

Some analysts are predicting home prices will decline another 10-15% before stabilizing.  

Cowboy

A house sale is a house sale whether the bank sells it or your mom sells it, it does not matter.  It is sold.  And for you Einsteins that think banks buy houses back, they don't.  They simply take the house back due to missed payments and they resell the house.  But the bank does not buy the house back, they already hold the note on the house.

Exxcellent

I think the article implies that the housing market is getting better. Which it is not.

Exxcellent

Do you always have to insult people? Feel better? Good for you. Hope you sleep better.

jetsetter

lol~check out the caption on the photo of the house. Buy a house, get a runaway FREE! Ps. She's hiding in the attic.

coldcreek70

Jetsetter.....where is the caption????   fyi, those homes are in Castalia I think

jetsetter

Coldcreek70: They changed the pic~and the caption. It was funny while it lasted!

Raoul Duke

I would say that because prices also fell in the same period that you might assume that a number of these houses were purchased as income property, thus adding to what I consider to be a serious issue that Sandusky should address, since these properties are rarely cared for as well as a home that is lived in by the actual owner. Sandusky needs to make these owners more accountable for the upkeep of their properties.

danna

That's a good news for a change, we should give it credit and hand on to it because this kind of good news can actually help bringing things back to normal. I know that many people have an active interest on how to sell house fast and it's understandable, home sale levels were far from normal in the latest years, maybe just maybe the market will revive again.

boby



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Do any of these homes contain a pool? If one of the pools needs to be prepared, please make sure that the pool contains the right in floor pool cleaning systems because these are very important for newer pools. Plus it will be a great sales point because these cleaners automatically clean your pool with very little manual labor. Saves time, money, and energy.