Existing Home Sales Rose Last Month

The Columbus Board of Realtors says existing home sale rose by nearly 25 percent last month as compared with October 2011.

The median sale price rose by 13-thousand to 133-thousand dollars. The Ohio Association of Realtors say existing home sales statewide rose by 23 percent last month, and the average sale price rose by 8 percent.  Nationally, existing home sales rose last month by 2.1 percent, according to The National Association of Realtors. Experts credit low interest rates and an improving employment picture.