The Lima region saw a surge in home sales in November, the Ohio Realtor’s Association announced Friday.
Thirty more homes were sold in Lima during November 2021 compared to the same time period a year ago. The average cost of a home sold in the region was $170,148. That was a 15.6 increase from a year ago when the average price was $160,005.
The pattern seen in Lima was typical of that in Ohio, which saw 12 of the 15 districts covered by the real estate association report an increase in home prices.
Home unit for Ohio sales in November 2021 reached 14,290, a 5.5 percent uptick from the 13,545 sales recorded during the month last year. The average sales price across Ohio in November reached $240,211, a 10.1 percent increase from the $218,140 mark posted during the month in 2020.
“Activity in November was brisk throughout Ohio with both sales and values experiencing increases, an indication that consumers remain eager to take advantage of the historic low interest rate environment,” said Ohio Realtors President Seth Task.
“Realtors are beginning to see an increase in the number of homes being marketed for sale, a critical step forward to bring the marketplace into balance as we move into the new year,” Task added.
