bec's blog of zanesville ohio real estate

According to OHIO REALTOR...

"Ohio housing market continues to post lackluster sales.

Sales in November reached 7,091, a 21.7 percent decline from the 9,051 sales posted during the month a year ago.  The average sales price of  $118,247 marks a 16.6 percent decrease from the $141,807 sales price in November 2007.  Statewide sales of new and existing homes during the first 11 months of the year total 104,905, 13.9 percent behind the 121,811 sales posted during the period a year ago.  The state's average sales price for the same period of $138,130 marks an 8 percent decrease from the $150,132 average price posted during the period a year ago.  The total dollar volume reached $14.5 billion, a 20.8 percent decrease from the $18.2 billion posted in 2007."

Locally ....for Zanesville and the same time period (January-November) total units sold is down 8.8 percent from 1031 in 2007 to 940 units in 2008.  Average sales price is also down 6.2 percent from $106,992 reported last year 2007 to $100,307 average sales price for 2008.

"Yet despite the stricter lending rules and contrary to popular thought, opportunities for buyers to access credit still exist, OHIO REALTOR states.  The good news for the would-be buyers in that they are able to take advantage of excellent conditions---with extremely favorable interest rates, an array of housing in all price categories and realistic expectations amount sellers in the current market."

With that being said, this agent is looking forward to a challenging but successful 2009.

Thanks for reading.