Home sales show strong growth in April

The number of homes sold in the area covered by the Firelands Association of Realtors (FAR) showed strong growth in all areas in April. The local market posted gains in activity in both price per sale and number of units sold according to statistics provided by the Ohio Association of Realtors.

“The Ohio marketplace, with each passing month, continues to make significant progress in building a solid foundation for a sustained, growing housing sector,” said OAR President Thomas J. Williams. “We’ve not only posted several months of sales gains, but we’re also seeing stability and steady gains in pricing which should help boost confidence that housing is a solid, long term investment.”

In April, the local housing market showed a 9.3% increase in the number of units sold compared to April of 2012. Most encouraging was the over 26% increase in the total dollar volume, thanks in large measure to a significant increase in the average sale price to over $115,000 compared to just over $98,000 last year.

For the year, the total of units sold since January is up almost 11% while the total dollar volume in home sales is up 15% compared to the same time frame last year. The average sale price is up nearly $4,000 per unit sold for the year compared to January through April of 2012.

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