Figures Show October Was A Good Month For Sales Of Existing Homes
Sales of existing homes rose on the national, state and local levels in October.
Jim Letizia has the numbers.
Figures released Wednesday by the National Association of Realtors show a 1.4 percent increase in existing home sales from September, to a seasonally adjusted annual rate of 5.22 million.
The increase broke a six-month sales decline that was fuled by rising interest rates and an inventory shortage.
October sales were up in three of four U.S. regions. Only the Midwest recorded a decline.
But the Ohio Association of Realtors says existing home sales rose by 2.6 percent from last month's seasonally adjusted annual rate of more than 144 thousand.
The Columbus Realtors trade association reports more than 27 hundred homes were sold in its multi-county region last month, up nearly ten percent from September.
The statewide average sale price of nearly 182 thousand dollars is down by about one thousand from October.
The average regional price of more than 225 thousand is up roughly three thousand from October.
The national median sale price was over 255 thousand dollars.