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Ohio housing sales decline in January

 
Ohio housing sales decline in January
Posted Friday, February 21st 2014 @ 1pm  by WTVN Newsroom

COLUMBUS, Ohio (WTVN) -- For the first time in 30 months, the number of homes sold in Ohio didn't top the previous month.

The Ohio Association of REALTORS says January home sales fell 5.1 percent from January 2013 and by the same amount from last December.

“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. “Our January sales results are also reflective of a more balance, stable marketplace - one that will experience traditional ebbs and flows in activity levels throughout the year.”  

Nearly 120,000 homes were sold in Ohio during January, down from more than 126,000 during January 2013. Nearly 126,400 homes were sold in December.

Around the state, 14 of the 20 markets tracked reported declines in sales activity levels. The average sales price increased in 14 markets.

But there is good news for sellers. January's average home price of $127,327 is a 5.6 percent increase from December.

(Photo courtesy Getty Images)

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