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.

Level of Ohio pending home sales at five-year high


Pending home sales in Ohio rose in June for the 26th consecutive month, compared with the same month the year before, the trade group Ohio Association of Realtors said Monday.

An index measuring contract signings on the purchase of a new home reached a five-year high last month, according to the state realtors association.

A pending sale is when the buyer and seller agree on terms of the sale of a home and have a signed purchase and sale agreement, but have yet to close. When the deal closes, the home will be counted as sold.

The Ohio June Pending Home Sales Index is 137.9. It rose 13.4 percent from the June 2012 index score of 121.6, the realtors group said.

An index of 100 is equal to the average level of contract activity during 2008, which marked the end of five consecutive record years for existing home sales and the onset of the recession.

So the June 2013 pending sales index of 137.9 marks a 37.9 percent increase from the benchmark June 2008 index of 100.

The rise in homes put under contract in June bodes well for closings in July and August.


Reader Comments ...


Next Up in Business

Time running out on Premier, UnitedHealthcare negotiations
Time running out on Premier, UnitedHealthcare negotiations

Negotiations between southwest Ohio’s largest health system, Dayton-based Premier Health, and UnitedHealthcare, the nation’s largest health insurance company, remained at a standstill Thursday with the first deadline for their contract to expire rapidly approaching. UnitedHealthcare’s contract with Premier hospitals is set to expire...
Airfare decreases at local airports
Airfare decreases at local airports

Average airfare at airports in Dayton, Columbus and Cincinnati has dropped in the past year, but still remains among the highest in the United States. Five airports in the region rank in the top 50 most expensive in the country, including Dayton International Airport, John Glenn International Airport and Cincinnati/Northern Kentucky International Airport...
Frisch’s introduces new, limited-edition cheeseburger
Frisch’s introduces new, limited-edition cheeseburger

Frisch’s Big Boy has introduced a new hamburger to its menu — the Primetime Chili Cheeseburger. The Cincinnati-based fast casual restaurant added the Chili Cheeseburger to its menu this month. The burger features premium ground beef, melted cheddar cheese and is topped with Frisch’s famous chili with beans. The restaurant said the...
Auto lender to military service members must pay $1.25M penalty
Auto lender to military service members must pay $1.25M penalty

The federal Consumer Financial Protection Bureau has taken action against an Ohio auto lender to pay refunds and credits the federal agency says were due to hundreds of consumers, and pay an additional $1.25 million penalty, records show. The CFPB alleged Mason-headquartered Security National Automotive Acceptance Corp., which specializes in vehicle...
5 things to know about Meijer home delivery
5 things to know about Meijer home delivery

Meijer’s home delivery starts today in the Miami Valley, allowing customers to shop for more than 55,000 items online. The service will cover 2,100 square miles including Miamisburg, Middletown, Lebanon, Huber Heights, Englewood, Springfield and Troy, acccording to the company. That’s more than 415,000 houses that can be serviced by Meijer&rsquo...
More Stories