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Ohio home sales for November up 6.9 percent from year before, and prices keep climbing


In the Buckeye State, the pace of November sales was up 6.9 percent from a year before, according to seasonally adjusted annualized data from the Ohio Association of Realtors. Buyers snapped up 11,732 new and existing homes last month. Across the country ...


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CLEVELAND, Ohio -- November home sales jumped notably in Ohio, as nationwide purchases surged to their swiftest clip in more than a decade. In the Buckeye State, the pace of November sales was up 6.9 percent from a year before, according to seasonally adjusted annualized data from the Ohio Association of RealtorsBuyers snapped up 11,732 new and existing homes last month. Across the country, sales of previously owned homes were 5.6 percent higher than they were in November 2016, based on similarly adjusted annualized figures from the National Association of RealtorsThe trade group said Wednesday that sales hit their strongest stride since December 2006. "Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end," Lawrence Yun, chief economist for the national Realtors, said in a news release. But, he noted, cash buyers and move-up buyers accounted for the majority of sales last month. Low inventory and rising prices continue to pose hurdles for first-time buyers, who don't necessarily have a substantial down payment on hand. Nationwide listings were down 9.7 percent in November from a year beforeAt the recent pace of purchasing, there's only 3.4 months worth of supply on the market. Pete Kopf, president of the Ohio Realtors, expressed hope that more homeowners will put their properties up for sale in 2018. "Home sales across Ohio in November were remarkably strong, as sales activity during the month reached an all-time high - besting any month since we began tracking data in 1998," he said in a blog post on the organization's website. Related: Northeast Ohio house prices up 12.3 percent in November Prices also continue to climbThe average sale price for a new or previously owned home in the state was $174,689 in November, up 7.7 percent from a year before. The national Realtors report median - or middle - prices instead of averages, and their numbers don't include newly constructed homesThe group said November's median sale price was $248,000, for a 5.8 percent annual gain. "Price appreciation is too fast in a lot of markets right now," Yun cautioned"The increase in homebuilder optimism must translate to significantly more new construction in 2018 to help ease these acute inventory shortages." 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County, OH", "Nankin, OH", "Napoleon, OH", "Nashport, OH", "Nashville, OH", "Navarre, OH", "Neapolis, OH", "Neffs, OH", "Negley, OH", "Nelsonville, OH", "Nevada, OH", "Neville, OH", "New Albany, OH", "New Athens, OH", "New Bavaria, OH", "New Bloomington, OH", "New Bremen, OH", "New Carlisle, OH", "New Concord, OH", "New Hampshire, OH", "New Haven, OH", "New Holland, OH", "New Knoxville, OH", "New Lebanon, OH", "New Lexington, OH", "New London, OH", "New Madison, OH", "New Marshfield, OH", "New Matamoras, OH", "New Middletown, OH", "New Paris, OH", "New Philadelphia, OH", "New Plymouth, OH", "New Richmond, OH", "New Riegel, OH", "New Rumley, OH", "New Springfield, OH", "New Straitsville, OH", "New Vienna, OH", "New Washington, OH", "New Waterford, OH", "New Weston, OH", "Newark, OH", "Newbury, OH", "Newcomerstown, OH", "Newport, OH", "Newton Falls, OH", "Newtonsville, OH", "Ney, OH", "Niles, OH", "Noble County, OH", "North Baltimore, OH", "North Bend, OH", "North Benton, OH", "North Bloomfield, OH", "North Canton, OH", "North Fairfield, OH", "North Georgetown, OH", "North Hampton, OH", "North Jackson, OH", "North Kingsville, OH", "North Lawrence, OH", "North Lewisburg, OH", "North Lima, OH", "North Olmsted, OH", "North Ridgeville, OH", "North Robinson, OH", "North Royalton, OH", "North Star, OH", "Northfield, OH", "Northwood, OH", "Norwalk, OH", "Norwich, OH", "Nova, OH", "Novelty, OH", "Oak Harbor, OH", "Oak Hill, OH", "Oakwood, OH", "Oberlin, OH", "Oceola, OH", "Ohio City, OH", "Okeana, OH", "Okolona, OH", "Old Fort, OH", "Old Washington, OH", "Olmsted Falls, OH", "Ontario, OH", "Orangeville, OH", "Oregon, OH", "Oregonia, OH", "Orient, OH", "Orrville, OH", "Orwell, OH", "Osgood, OH", "Ostrander, OH", "Ottawa County, OH", "Ottawa, OH", "Ottoville, OH", "Otway, OH", "Overpeck, OH", "Owensville, OH", "Oxford, OH", "Painesville, OH", "Palestine, OH", "Pandora, OH", "Paris, OH", "Parkman, OH", "Parma, OH", "Pataskala, OH", "Patriot, OH", "Paulding County, OH", "Paulding, OH", "Payne, OH", "Pedro, OH", "Peebles, OH", "Pemberton, OH", "Pemberville, OH", "Peninsula, OH", "Perry County, OH", "Perry, OH", "Perrysburg, OH", "Perrysville, OH", "Petersburg, OH", "Pettisville, OH", "Phillipsburg, OH", "Philo, OH", "Pickaway County, OH", "Pickerington, OH", "Piedmont, OH", "Pierpont, OH", "Pike County, OH", "Piketon, OH", "Piney Fork, OH", "Pioneer, OH", "Piqua, OH", "Pitsburg, OH", "Plain City, OH", "Plainfield, OH", "Pleasant City, OH", "Pleasant Hill, OH", "Pleasant Plain, OH", "Pleasantville, OH", "Plymouth, OH", "Poland, OH", "Polk, OH", "Pomeroy, OH", "Port Clinton, OH", "Port Jefferson, OH", "Port Washington, OH", "Port William, OH", "Portage County, OH", "Portage, OH", "Portland, OH", "Portsmouth, OH", "Potsdam, OH", "Powell, OH", "Powhatan Point, OH", "Preble County, OH", "Proctorville, OH", "Prospect, OH", "Put in Bay, OH", "Putnam County, OH", "Quaker City, OH", "Quincy, OH", "Racine, OH", "Radnor, OH", "Randolph, OH", "Rarden, OH", "Ravenna, OH", "Rawson, OH", "Ray, OH", "Rayland, OH", "Raymond, OH", "Reedsville, OH", "Reesville, OH", "Reno, OH", "Republic, OH", "Reynoldsburg, OH", "Richfield, OH", "Richland County, OH", "Richmond Dale, OH", "Richmond, OH", "Richwood, OH", "Ridgeville Corners, OH", "Ridgeway, OH", "Rio Grande, OH", "Ripley, OH", "Risingsun, OH", "Rittman, OH", "Robertsville, OH", "Rock Camp, OH", "Rock Creek, OH", "Rockbridge, OH", "Rockford, OH", "Rocky Ridge, OH", "Rocky River, OH", "Rogers, OH", "Rome, OH", "Rootstown, OH", "Roseville, OH", "Rosewood, OH", "Ross County, OH", "Ross, OH", "Rossburg, OH", "Rossford, OH", "Roundhead, OH", "Rudolph, OH", "Rushsylvania, OH", "Rushville, OH", "Russells Point, OH", "Russellville, OH", "Russia, OH", "Rutland, OH", "Sabina, OH", "Saint Clairsville, OH", "Saint Henry, OH", "Saint Johns, OH", "Saint Louisville, OH", "Saint Marys, OH", "Saint Paris, OH", "Salem, OH", "Salesville, OH", "Salineville, OH", "Sandusky County, OH", "Sandusky, OH", "Sandyville, OH", "Sarahsville, OH", "Sardinia, OH", "Sardis, OH", "Savannah, OH", "Scio, OH", "Scioto County, OH", "Scioto Furnace, OH", "Scott, OH", "Scottown, OH", "Seaman, OH", "Sebring, OH", "Sedalia, OH", "Seneca County, OH", "Senecaville, OH", "Seven Mile, OH", "Seville, OH", "Shade, OH", "Shadyside, OH", "Shaker Heights, OH", "Shandon, OH", "Sharon Center, OH", "Sharpsburg, OH", "Shauck, OH", "Shawnee, OH", "Sheffield Lake, OH", "Shelby County, OH", "Shelby, OH", "Sherrodsville, OH", "Sherwood, OH", "Shiloh, OH", "Shreve, OH", "Sidney, OH", "Sinking Spring, OH", "Smithfield, OH", "Smithville, OH", "Solon, OH", "Somerdale, OH", "Somerset, OH", "Somerville, OH", "South Bloomingville, OH", "South Charleston, OH", "South Euclid, OH", "South Lebanon, OH", "South Point, OH", "South Salem, OH", "South Solon, OH", "South Vienna, OH", "South Webster, OH", "Southington, OH", "Sparta, OH", "Spencer, OH", "Spencerville, OH", "Spring Valley, OH", "Springboro, OH", "Springfield, OH", "Stafford, OH", "Stark County, OH", "Sterling, OH", "Steubenville, OH", "Stewart, OH", "Stillwater, OH", "Stockdale, OH", "Stockport, OH", "Stone Creek, OH", "Stony Ridge, OH", "Stout, OH", "Stoutsville, OH", "Stow, OH", "Strasburg, OH", "Stratton, OH", "Streetsboro, OH", "Strongsville, OH", "Struthers, OH", "Stryker, OH", "Sugar Grove, OH", "Sugarcreek, OH", "Sullivan, OH", "Sulphur Springs, OH", "Summerfield, OH", "Summit County, OH", "Summit Station, OH", "Summitville, OH", "Sunbury, OH", "Swanton, OH", "Sycamore Valley, OH", "Sycamore, OH", "Sylvania, OH", "Syracuse, OH", "Tallmadge, OH", "Tarlton, OH", "Terrace Park, OH", "The Plains, OH", "Thompson, OH", "Thornville, OH", "Thurman, OH", "Thurston, OH", "Tiffin, OH", "Tiltonsville, OH", "Tipp City, OH", "Tippecanoe, OH", "Tiro, OH", "Toledo, OH", "Tontogany, OH", "Toronto, OH", "Tremont City, OH", "Trenton, OH", "Trimble, OH", "Trinway, OH", "Troy, OH", "Trumbull County, OH", "Tuppers Plains, OH", "Tuscarawas County, OH", "Tuscarawas, OH", "Twinsburg, OH", "Uhrichsville, OH", "Union City, OH", "Union County, OH", "Union Furnace, OH", "Uniontown, OH", "Unionville Center, OH", "Unionville, OH", "Uniopolis, OH", "Upper Sandusky, OH", "Urbana, OH", "Utica, OH", "Valley City, OH", "Van Buren, OH", "Van Wert County, OH", "Van Wert, OH", "Vandalia, OH", "Vanlue, OH"

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