(July 20, 2005) Home sales last month were down slightly from the previous year but still ahead for the first half of 2005 according to the Columbus Board of REALTORS® Multiple Listing Service. The 2,766 residential homes sold in June 2005 was down 2.2 percent from the previous year. However, sales for the first six months (January – June, 2005) are still ahead by .5 percent. “Although sales are down slightly last month, we need to consider that sales in June of 2004 jumped 18 percent over the previous year,” says Doug McCloud, President of the Columbus Board of REALTORS®. “The jump in sales last year was due to closings resulting from contracts written when interest rates hit their lowest in spring of 2004.” The report for home price appreciation, however, is quite favorable. The average sales price in June of 2005 was $192,642, up 5.4 percent from the previous year. According to McCloud, the average sale price for the first half of 2005 is $177,347 which is up 5.2 percent over the same period last year. “All tolled, REALTORS® have helped sell over $2.2 billion in residential property this year, which is already more than was sold during the entire year in 1997.” The Columbus Board of REALTORS® Multiple Listing Service (MLS) serves all of Franklin, Delaware, Fayette, Madison, Morrow and Union Counties and parts 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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