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Area home sales down in April

Sales of ingle-family homes in Lucas County and northern Wood County were down 2 percent compared to last year


Home sales reported down in April 2013.

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Sales of single-family homes in Lucas County and northern Wood County were down 2 percent in April compared to last year, according to the Toledo Board of Realtors.

The Realtors group said 429 homes sold, down from 438 in April, 2012. The average price of $95,413 was also down 2 percent from last year.

For the first four months of 2013, there have been 1,484 sales, up 6 percent from the same period last year.

The average sales price of $100,806 is 10 percent higher than last year. Sellers are getting 94 percent of their original list price, which is about the same as last year.

A total of 813 listings were added to the inventory in April, which was down 10 percent from last April. For the year, new listings are down 11 percent.

Experts have said that nationwide, a decreased supply of available homes has caused prices to rise.

For the entire Northwest Ohio Real Estate Information System, sales in April were up 1 percent to 595. The average price of $97,801 was virtually unchanged from a year earlier.

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