You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

August home sales report: sales up, prices down


Year-over-year home sales throughout southwest Ohio continued to rise in August by double-digit percentages. However, sales prices showed signs of flattening in the Cincinnati and Dayton markets.

Local boards of realtors released Thursday morning their monthly home sales reports, showing early estimates on the status of a key segment of the economy.

The number of homes sold have increased from the prior year for 26 consecutive months in the Cincinnati market, the Cincinnati Area Board of Realtors said Thursday. Last month, 2,435 homes sold in Cincinnati, a 24.5 percent rise from sales of 1,956 homes in August 2012. The change in average sold price was flat; homes sold in August for an average $171,417 compared to $170,620 a year ago.

“Each month is a little bit better. More homes are selling but the price is not back to the normal escalation that it used to be. Sellers are having to take less for their homes than they want, but they’re starting to realize if they want to sell that’s what they have to do,” said John Holbrock, 2013 president of Hamilton-Fairfield-Oxford Board of Realtors and co-owner of Hamilton real estate firm Realty First.

“The properties will sell if the buyer is willing to take the best offer,” Holbrock said.

In the Dayton area, the number of homes sold last month, 1,337, was unchanged from July and up 19.4 percent compared to 1,120 homes sold in August 2012, according to Dayton Area Board of Realtors.

The Dayton-area average sales price in August was $129,065, down nearly 3 percent from the year-ago average sold price of $132,621, according to the realtors group.

The Dayton area for the purposes of the realtors group covers Greene, Montgomery and Preble counties and parts of northern Butler and Warren counties.

Also in the region that includes Springfield, the number of homes sold increased 23 percent year-to-year, according to Ohio Association of Realtors. In the seven-county region including Champaign and Clark counties, 547 homes were purchased in August. The same area saw sales of 446 units in August 2012. Prices in the larger Springfield area grew by 3 percent, going from houses selling for an average $109,732 in August 2012 to $113,422 last month.



Reader Comments ...


Next Up in Business

Gmail phishing scam may lead users to give up login info
Gmail phishing scam may lead users to give up login info

A new phishing scam is allowing hackers to gain access to unsuspecting Gmail users' accounts and target their login credentials, according to recent reports. Mark Maunder, CEO of security service Wordfence, described the scam in detail in a blog post, adding that it is also targeting other services beyond Gmail. Tech Times reported that the scam involves...
Millennials spend more on coffee, save less for retirement
Millennials spend more on coffee, save less for retirement

A large number of Millennials spent more on coffee in the past year than they invested in their retirement savings, according to a new study. » RELATED: What makes Millennials tick in the workplace? It may surprise you About 41 percent of the Millennials — ages 18 to 35 — admitted to spending more on coffee than they saved for retirement...
Some worry over impact from health care law repeal
Some worry over impact from health care law repeal

The U.S. House of Representatives on Friday joined the U.S. Senate in passing a budget reconciliation measure that would allow Congress to de-fund key elements of the Affordable Care Act, including tax credit subsidies and federal funding for Medicaid expansion in states like Ohio. While some are rejoicing over the move, replacing President Obama&rsquo...
Will Obamacare repeal leave people in the lurch?
Will Obamacare repeal leave people in the lurch?

As Congress moves forward on a resolution to repeal the Affordable Care Act, experts have warned such a measure could crash the law’s commercial insurance program, jeopardizing coverage for 11.5 million Americans, including more than 230,000 Ohioans. But local industry leaders remain hopeful that congressional Republicans — who are leading...
Holiday retail sales up, but some stores suffering
Holiday retail sales up, but some stores suffering

Retail sales hit about $658 billion for the holiday season, but several chain retailers still announced the closures of hundreds of unprofitable brick-and-mortar stores in January — including several stores locally. “These numbers show that the nation’s slow-but-steady economic recovery is picking up speed and that consumers feel...
More Stories