The state's largest Multiple Listing Services report that home sales throughout Ohio slowed in November. Overall performance of the 2006 market has been strong despite less than ideal conditions.
Favorable interest rates, a solid supply of housing in all price categories and improving housing affordability is providing a solid foundation upon which would-be buyers can become home owners.
The statistics (data provided to OAR) show there was a slight decrease in statewide sales of new and existing homes last year (Jan. - Nov.) as well as a slight decrease in the state's average sales price.
Patrick O'Neil, president of the Ohio Association of REALTORS, states that "at some point the housing market was going to return to levels that are typical by historical standards in the Buckeye State....and this past year provided that opportunity."
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