Existing-home sales fall nationwide, but Ohio, Northeast Ohio see steady ...
22.05.12
Local house sales rose 26.6 percent from February to March, and condo sales jumped 15.3 percent. But those numbers aren't adjusted to reflect seasonal buying patterns, in an industry that heats up in the spring and hibernates during winter.
Statewide, new and existing home sales rose 7.5 percent from March 2011, the Ohio Association of Realtors said Thursday.
"We're extremely hopeful that the housing sector will continue to make progress through 2012," Robert Miller, the group's president, said in a written statement.
Nationwide, sales of previously owned homes fell 2.6 percent from February to March, based on seasonally adjusted data released Thursday by the National Association of Realtors. The Midwest held flat, while western states, the Northeast and the South posted declines. Stripping out seasonal factors, U.S. sales were up 25.8 percent.
Source: Plain Dealer