LIMA — Regional home sales grew 4.7 percent month over month in November, according to the Ohio Association of Realtors.
Home sales in the West Central Ohio region, which includes Allen, Hardin and Van Wert counties, totaled 106 in November of 2012, compared with 111 in November this year.
The dollar value of homes sold skyrocketed, posting a 42 percent gain in total value and a gain of 36 percent in average sale from November 2012 to November 2013.
Year-to-date numbers also continue to improve. The number of homes sold in the region from January through November increased 7.6 percent, from 1,288 a year ago to 1,386 this year. The total dollar volume increased 13 percent, and the average price increased 5 percent.
Statewide, the number of homes sold across Ohio increased 1.6 percent in November, as the market posted year-over-year gains in activity for the 29th consecutive month, according to the Ohio Association of Realtors.
“While the Ohio housing marketplace is continuing to make progress in overcoming the difficulties caused by the economic downturn, it’s evident that we continue to face many challenges on the path toward recovery,” OAR President Thomas J. Williams said. “Our current level of sales activity, while maintaining an unprecedented string of consecutive monthly gains, reflects a market that is stabilizing at a more modest, traditional pace.”
Putnam County is part of the Northwestern Ohio Board of Realtors. Auglaize and Mercer counties are part of the Midwestern Ohio Association of Realtors.
Data provided to the association by Multiple Listing Services includes residential closings for new and existing single-family homes and condominiums/co-ops. For more information about the data, visit ohiorealtors.org.