Thu August 18, 2011
Toledo Beats Other Ohio Metro Housing Markets
TOLEDO, Ohio - A trade group reports Toledo showed the most improvement among the state's six biggest housing markets during July.
The National Association of Realtors says Toledo had a higher increase in home prices, a bigger drop in homes on the market and a shorter average sale time than Akron, Cleveland, Cincinnati, Columbus and Dayton.
Toledo Board of Realtors President Ed Sitter tells The Blade the report confirms "positive signs," including agents saying some homes are drawing multiple offers.
Toledo's median sale price rose to $114,900 in July, up 6 percent from the same month a year ago. Meanwhile, Cleveland's median price dropped 5 percent.
The number of houses for sale in Toledo fell 20 percent for July, while houses were on the market for 4 percent fewer days.