Current Market Conditions For Northeast Ohio

"It's become apparent that the Ohio housing market after four consecutive years of record shattering sales--has returned to more customary activity levels during the first three quarters of 2007," said the Ohio Association of Realtors President, Patrick O'Neil. "Throughout the country the housing sector has experienced a return to normalcy much of the year. Despite the slower activity, we're finding that Ohio's consumers remain keenly interested in taking advantage of the favorable interest rates and ample supply of housing in all price categories that exist throughout the Buckeye state.

For the Northeast area of Ohio, here are the third quarter sales results.

Units Sold Sale Price

2006 --- 2007

20,451 - 19,091 -6.7%


Sale Price

2006 ---- 2007

$172,466 - $166,435 -3.5%

Statewide in Ohio Units sold are down 6.9% and sales price is down -2.1%



Date provided to the OAR by Multiple Listing Services including closings for new and existing single-family homes and condominiums/co-ops/town homes.