Posted: 6:25 p.m. Monday, Nov. 19, 2012
By Chelsey Levingston
Regional October home sales
408 homes sold, a 30% rise from 314 solds a year ago
$106,131 average sales price, down about 4% year-over-year
3,777 homes sold year-to-date, up 14.5% year-over-year
*Numbers given for seven-county area of Clark, Miami, Champaign, Logan, Shelby, Auglaize and Mercer counties
SOURCE: Ohio Association of Realtors
Homebuilder confidence reaches six-year high
The improving housing market nationwide is increasing confidence of homebuilders, according to an index released Monday from the National Association of Home Builders/Wells Fargo.
The Housing Market Index of builder sentiment reached 46 this month from a level of 41 in October. A reading of 50 is the point at which an equal number of builders view sales conditions as good versus poor, the builders group said. Even though the index in November was 46, still considered negative, it compares to an index of 19 a year ago.
“Builders are reporting increasing demand for new homes as inventories of foreclosed and distressed properties begin to shrink in markets across the country,” said NAHB Chairman Barry Rutenberg, in a statement with the release. “In view of the tightening supply and other improving conditions, many potential buyers who were on the fence are now motivated to move forward with a purchase in order to take advantage of today’s favorable prices and interest rates.”