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Monthly Home Sales Move Higher in Ohio
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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
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Monthly Home Sales Move Higher in Ohio
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
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Monthly Home Sales Move Higher in Ohio

October 5, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos rebounded in Ohio during August following July’s decline according to the latest housing data from the Ohio Association of Realtors® (OAR) but home prices moved slightly lower for the second consecutive month.

An estimated total of 11,565 existing single-family homes and condos were sold in the Buckeye State in August. That was 9.0 percent higher than the 10,607 homes sold in July and 12.7 percent higher than the 10,266 homes sold in August 2011. It was the 14th consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio fell by 0.7 percent in August to $145,142, down from $146,227 in July, but was still 5.2 percent higher than the average price of $137,661 in August of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “The fact that the Ohio housing market has been able to attain 14 consecutive months of sales gains is a significant accomplishment, especially when you consider the challenges that surfaced following the collapse of the nation’s economy in 2008. It’s becoming clearer, with each passing month, that the Buckeye State has begun to build a solid foundation for a sustainable, growing housing marketplace.”

Of the 20 local boards that provided data for the monthly report, twelve of the boards reported sales gains or were unchanged from the previous year with the Tri-State Board (+32.0 percent) reporting the largest increase while the Athens Board (-31.5 percent) posted the largest year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 3,876 home sales, up from 3,463 in July, while Columbus followed with an estimated 2,326 home sales for the month, up from 2,096 the previous month.

Year-over-year, fifteen of the local boards posted an increase in their average prices led by the Scioto Valley Board (+31.4 percent) with the Greater Portsmith Board (-20.9 percent) posting the largest decline in prices.

Through the first eight months of 2012, a total of 75,102 homes have been sold in Ohio, 12.9 percent higher than the 66,536 homes sold during the same time frame last year.

Tags: Ohio real estate, existing homes, condos, sales, median home prices

Source:
OAR

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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WE GIVE YOU THE INSIDE TIPS THAT
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BUYING OR SELLING A HOME IS A BIG DECISION
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HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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October 5, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos rebounded in Ohio during August following July’s decline according to the latest housing data from the Ohio Association of Realtors® (OAR) but home prices moved slightly lower for the second consecutive month.

An estimated total of 11,565 existing single-family homes and condos were sold in the Buckeye State in August. That was 9.0 percent higher than the 10,607 homes sold in July and 12.7 percent higher than the 10,266 homes sold in August 2011. It was the 14th consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio fell by 0.7 percent in August to $145,142, down from $146,227 in July, but was still 5.2 percent higher than the average price of $137,661 in August of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “The fact that the Ohio housing market has been able to attain 14 consecutive months of sales gains is a significant accomplishment, especially when you consider the challenges that surfaced following the collapse of the nation’s economy in 2008. It’s becoming clearer, with each passing month, that the Buckeye State has begun to build a solid foundation for a sustainable, growing housing marketplace.”

Of the 20 local boards that provided data for the monthly report, twelve of the boards reported sales gains or were unchanged from the previous year with the Tri-State Board (+32.0 percent) reporting the largest increase while the Athens Board (-31.5 percent) posted the largest year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 3,876 home sales, up from 3,463 in July, while Columbus followed with an estimated 2,326 home sales for the month, up from 2,096 the previous month.

Year-over-year, fifteen of the local boards posted an increase in their average prices led by the Scioto Valley Board (+31.4 percent) with the Greater Portsmith Board (-20.9 percent) posting the largest decline in prices.

Through the first eight months of 2012, a total of 75,102 homes have been sold in Ohio, 12.9 percent higher than the 66,536 homes sold during the same time frame last year.

Tags: Ohio real estate, existing homes, condos, sales, median home prices

Source:
OAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

October 5, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condos rebounded in Ohio during August following July’s decline according to the latest housing data from the Ohio Association of Realtors® (OAR) but home prices moved slightly lower for the second consecutive month.

An estimated total of 11,565 existing single-family homes and condos were sold in the Buckeye State in August. That was 9.0 percent higher than the 10,607 homes sold in July and 12.7 percent higher than the 10,266 homes sold in August 2011. It was the 14th consecutive month that year-over-year homes sales have improved.

The average sales price for an existing home in Ohio fell by 0.7 percent in August to $145,142, down from $146,227 in July, but was still 5.2 percent higher than the average price of $137,661 in August of last year.

Robert U. Miller, president of the Ohio Association of REALTORS®, stated, “The fact that the Ohio housing market has been able to attain 14 consecutive months of sales gains is a significant accomplishment, especially when you consider the challenges that surfaced following the collapse of the nation’s economy in 2008. It’s becoming clearer, with each passing month, that the Buckeye State has begun to build a solid foundation for a sustainable, growing housing marketplace.”

Of the 20 local boards that provided data for the monthly report, twelve of the boards reported sales gains or were unchanged from the previous year with the Tri-State Board (+32.0 percent) reporting the largest increase while the Athens Board (-31.5 percent) posted the largest year-over-year decline in sales.

The NEOHREX (Northeast Ohio Real Estate Exchange) recorded the most sales for the month with an estimated 3,876 home sales, up from 3,463 in July, while Columbus followed with an estimated 2,326 home sales for the month, up from 2,096 the previous month.

Year-over-year, fifteen of the local boards posted an increase in their average prices led by the Scioto Valley Board (+31.4 percent) with the Greater Portsmith Board (-20.9 percent) posting the largest decline in prices.

Through the first eight months of 2012, a total of 75,102 homes have been sold in Ohio, 12.9 percent higher than the 66,536 homes sold during the same time frame last year.

Tags: Ohio real estate, existing homes, condos, sales, median home prices

Source:
OAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
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CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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