Central Ohio number of homes sold up in May, but road still appears to be rocky. (philipp k/sxc)
Central Ohio home closings in May significantly outpaced the previous month as well as the previous year. The number of home sales last month (2,401) were up 27 percent over April of this year and were 32.7 percent higher than homes closed in May of 2009.
“Although many believed that home sales activity would slow after the April 30 deadline for the home buyer tax credits,” said Sue Lusk-Gleich,president of the Columbus Board of REALTORS®. “However, home sales didn’t just keep pace but far exceeded the previous few months. That speaks volumes for the level of interest and confidence home buyers have in our central Ohio housing market.”
The average sale price of $166,156 in May dipped slightly from the previous year but was up almost five percent over the previous month. The average sale price for the first five months of the year stands at $156,452, fully five percent over the $148,956 average sale price for the first five months of 2009.
This release was provided by Columbus Board of REALTORS
