Home sales continue to rise in Ohio

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The number of homes sold across Ohio increased 16.9 percent in August, as the market posted
year-over-year gains in activity for the 26th consecutive month, according to the Ohio Association of
Realtors."The Ohio housing market, with each passing month, continues to build a solid foundation for a
sustainable and growing marketplace," said OAR President Thomas J. Williams. "Attaining an
unprecedented 26 straight months of year-over-year gains in sales activity – our longest stretch of
uninterrupted growth in 16 years of tracking Ohio home sales – is a clear indicator of robust consumer
confidence and a renewed appreciation that, long-term, housing is a sound investment."Sales through the
first eight months of 2013 reached 88,268, a 17.5 percent increase from the 75,134 sales posted during the
same period a year ago. The average sales price (January through August) this year is $143,786, a 6.1
percent increase from the $135,465 mark set during the period a year ago.Total dollar volume this year is
nearly $12.7 billion, a 24.7 percent increase from the eight-month mark of a year ago of nearly $10.2
billion.Sales in August reached 13,545, a 16.9 percent increase from the 11,583 sales posted during a year
ago. The August 2013 sales total is the month’s best mark since 2006. The average sales price of $149,963 is
a 3.4 percent increase from the $145,093 average price posted in August 2012.Data provided to OAR by
Multiple Listing Services includes residential closings for new and existing single-family homes and
condominiums/co-ops. The Ohio Association of Realtors, with more than 26,000 members, is the largest
professional trade association in Ohio.

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