The 1,711 sales of homes and condos for July fell by 3% compared to last July, producing a cumulative sales volume of over $385 million, an increase of 5% from last year, the trade group said.
July’s average sales price totaled $225,044, besting last year’s figure by nearly 9%, the group said. The median price reached $190,000, up 5% from last year.
The year-to-date average sales price increased more than 13% to $217,121, while the median price rose 12% to $185,000. The cumulative sales price jumped twenty percent to $2.1 billion.
Year to date, the number of sales also saw an increase, with 9,705 units, a rise of nearly 6%.
Listings submitted in the month of July increased, with 2,165 entries, a 7% increase from July 2020′s 2,011. For the January-July period, 11,803 listings were entered, up from last year by nearly 3%.
Across the state, a similar story played out, with unit sales last month reaching 16,374, a 3.8% downtick from July 2020. Meanwhile, the average sales price across Ohio this July reached $252,162, a 12.9% increase from the previous year, Ohio Realtors said.
Nationally, sales of existing homes in July rose 2% from June to an annualized rate of 5.99 million units, thanks in part to higher inventory, according to the National Association of Realtors.
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