The Ohio housing market continues to display signs of stabilizing, as it continues to rebound from the challenges it confronted throughout 2009, with sales activity in January nearly matching the month's results from a year ago, according to statistics provided by the state's Multiple Listing Services.
"Certainly the fact that our level of sales activity was relatively unchanged from a year ago is outstanding news and provides optimism for our prospects in 2010," said Doug McCloud, president of the Ohio Association of REALTORS. "Equally encouraging is the fact that the average sales price posted its fourth consecutive monthly gain. Having prices stabilize is tremendous news for current and future homeowners and, we hope, an indication that the market is poised for a return to normalcy.
"The economic challenges that affected Ohio and the nation since late in 2008 have certainly not dissipated entirely, but what we've seen transpire in the final quarter of 2009--with robust sales and prices--seems to have carried forward as we start the new year," McCloud continued. "One thing has become apparent...that the desire to make the American Dream of homeownership a reality remains strong throughout Ohio."
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