The number of homes sold in the area covered by the Firelands Association of Realtors (FAR) showed strong growth across the board in December and all of 2013. The local market posted gains in activity in both total dollar volume and number of units sold, according to statistics provided by the Ohio Association of Realtors.
The Ohio housing market was filled with a number of positives in 2013, as sales activity rose 14.7% over the level of the prior year and the average sales price increased 5.2% state-wide.
The local area market represented by the Firelands Association of Realtors had an outstanding year in 2013. The region showed a 15.5% increase in the number of units sold, and an increase in dollar volume that was up over 19%. The average sale went from $114,350 to $117,953 for the year.
December was also a good month, as the number of units sold was up just under 13% compared to December of 2012. The dollar volume was up nearly14% during the same time period.
“The Ohio housing market is continuing to make headway in its effort to overcome the difficulties caused by the economic downturn,” said Chris Hall of Oregon, Ohio, president of the Ohio Association of Realtors. “While we continue to face a number of challenges on our path to full recovery, Ohio’s year-end 2013 sales results are reflective of a balanced, stable and growing marketplace.”
The Firelands Association of Realtors includes Ottawa, Erie and Huron Counties.