These are the lowest April home sales since 2014, and the drop was steep enough to push down the year-to-date sales number, with the first four months of 2020 marking a decline. Through April, sales reached 4,431, 42 units fewer than 2019’s year-to-date sales.
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This dovetails what’s been happening nationally, with sales of previously owned homes plummeting in April. Existing-home sales dropped 17.8% in April, the biggest monthly decline since July 2010, the National Association of Realtors said Thursday.
Statewide, same story. Ohio sales were down 18.6% from a year ago.
“The Ohio housing marketplace was significantly impacted by the COVID-19 crisis, as sales activity fell drastically in the days and weeks leading up to state issuing its stay at home order,” said Ohio Realtors President Chris Reese.
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Similarly, local sales volume generated by April’s activity also fell, totaling $212 million, a 17% decline from April 2019, the local organization said.
The average local sales price year-to-date stood at $179,691, a 10% rise over 2019’s year-to-date numbers.
New listings locally fell by nearly a third. There were 1,372 new listings added in April, down almost 33% percent from last year.
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