By Jacob Kanclerz
Home sales in the Columbus area and Ohio as a whole ticked upward again in June.
Sales statewide last month numbered 11,246, up 10.6 percent from June 2011 sales of 10,165, according to the Ohio Association of Realtors.
The 12-month sales increase streak was the first since December 2004 to November 2005, said Robert Miller, president of the Ohio Association of Realtors.
“It’s apparent that we’ve begun to overcome the challenges stemming from the economic collapse of 2008 and have made strides in building a solid foundation for having a sustainable, growing marketplace going forward,” he said in a statement.
In central Ohio, home sales reached 2,429, 18.1 percent higher than June 2011 totals of 2,056. Sales for the first six months this year were up 10.2 percent to 10,473 from 9,507 during the same period last year.
Home prices rose as well.
In central Ohio, the median price of a home sold in June was $155,250, 15 percent higher than the June 2011 median price of $135,000.
The number of homes up for sale, 12,053, is at its lowest total since 2003, according to the Columbus Board of Realtors.
“With the steady decrease in inventory over the last two years, and increased buyer interest, we’re back to more balanced market levels,” said Jim Coridan, president of the Columbus Board of Realtors, in a news release today.
Realtors expect the sales surge to continue, recent surveys show.
According to the Housing Market Confidence Index, a survey put out by the Ohio Association of Realtors, 87 percent of Ohio Realtors who responded have moderate to strong expectations for the market in the next six months.
For central Ohio, 96 percent of local Realtors have moderate to strong expectations for the market in the next six months.
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