By The Reflector Staff
While home sales activity throughout Ohio continues to lag the levels posted a year ago, there are some indications that the market is beginning to exhibit positive signs of a turnaround, reports the Ohio Association of Realtors.
"Ohio's housing marketplace has undoubtedly mirrored the sluggishness of the nation's economic downturn, with few buyers and lower prices prevalent throughout the Buckeye state during the first five months of the year," OAR President Jonathan M. Hall said. "Despite the challenges that exist, our membership is hopeful that a number of positives that have begun to emerge are indicators of a turnaround in the near term."
Notably, the percentage of homes sold month to month (April to May) of this year increased by 14.6 percent, surpassing the 11.7 increase that the market posted during the same period a year ago.