Existing Home Sales Increased In April

May 23, 2014

Sales of existing homes rebounded slightly last month in Ohio and across the nation.

Mike Foley reports.

The Columbus Realtors trade association reports a 24 percent increase in existing home sales in April as compared with March. Nearly 18 hundred homes were sold in the association's multi-county region. Statewide, the Ohio Association of realtors says existing home sales rose by 3.8 percent last month as compared with March. More than 119 thousand homes were sold statewide, up from nearly 115 thousand in March. State and local officials credit their increases to more homes being placed on the market following the extremely cold winter. The National Association of Realtors says sales rose 1.3 percent from March to a seasonally adjusted annual rate of 4.65 million. Purchases of existing U.S. homes over the past 12 months have dropped by 6.8 percent. The median sale price rose by 5.2 percent in the U.S. to nearly 201 thousand dollars in April, the slowest growth rate since March 2012. The median sale price of a central Ohio existing home was more than 143 thousand dollars, while the statewide average price was nearly 145 thousand.