(May 18, 2005) The average sale price of a Central Ohio home last month was $173,143 - up 1.3 percent over April of 2004. However, the average sale price year to date stands at $170,094, up 4.4 percent from the same period last year according to the Columbus Board of REALTORS®. "We generally average about a four percent appreciation on homes here in Central Ohio," says Doug McCloud, President of the Columbus Board of REALTORS®. "However, over the past year or so, we’ve experienced a slight softening in higher priced home sales and a tremendous increase in the more affordable home sales, thereby bringing the average price down a bit." The number of homes sold in April, 2005 was down a slight 1.4 percent over one year ago. April residential home sale statistics indicate that 2,255 homes were sold last month versus 2,286 last year. The number of homes sold, January through April, is 7,217 which is .6 percent lower than the same period last year. "Home sales are actually well ahead compared to the past five years," offers McCloud. "The fact that we’re keeping pace with last year this time is exceptional since last April we had a torrent of home sales - over 15 percent higher than the previous year." The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Madison, Morrow and Union Counties and some of Licking, Fairfield, Knox, Logan, Marion and Pickaway Counties. To view residential and most of the commercial MLS listings, visit www.Realtor.com providing over 1.7 million homes every day. | | Year end home sales
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