Existing Home Sales Declined In June
Sales of exisiting homes declined last month in Ohio and around the county.
Jim Letizia reports.
Figures released Tuesday by the National Association of Realtors show existing home sales fell by 1.7 percent in June, thanks to rising prices and a tight supply. Sales fell to a seasonally adjusted annual rate of 5.27 million, despite a robust job market and falling mortgage rates. The Ohio Association of Realtors says nearly 16 thousand homes were sold last month, down 5.6 percent from the same month a year ago. The Columbus Realtors trade association reports more than 32 hundred homes were sold in its multi-county region in June, down 3.4 percent from June of last year, and unchanged from this past May. The median national sale price rose by 4.3 percent from June of last year to nearly 286 thousand dollars. The average statewide price rose 7.2 percent from June of last year to nearly 212 thousand dollars. The median regional sale price was 228 thousand, up 7.5 percent from June of 2018.