Ohio home sales 'sluggish,' trade group says - News, Weather, Sports, Toledo, OH

Ohio home sales 'sluggish,' trade group says

Associated Press - December 22, 2010 2:25 PM ET

COLUMBUS, Ohio (AP) - A trade group says Ohio's housing market was sluggish last month, with sales down 28% compared to a year earlier.

The Ohio Association of Realtors said Wednesday that 6,711 new and existing homes sold in the state during November, declining from 9,335 in November 2009.

Association President Douglas McCloud says in a statement that the market is still struggling to recover from a long economic downturn.

The state's average sale price for a single family home or condominium last month was $129,128, down 2.8% from October's average of $132,848.

The Ohio home sales numbers came the same day as a National Association of Realtors report indicating 2010 is shaping up to be the worst for home sales since 1997.

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