September home sales down compared to 2011 in Toledo - 19 Action News|Cleveland, OH|News, Weather, Sports

September home sales down compared to 2011 in Toledo

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Source: Toledo Board of Realtors Source: Toledo Board of Realtors
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TOLEDO, OH (Toledo News Now) -

Home sales in the city of Toledo were down in September as compared to a year ago.  A report released by the Toledo Board of Realtors Tuesday says 8 percent less homes were sold in Toledo in September 2012 than in the same month of 2011.

The average price paid for a home increased over the same period. That price is up to about $109,000 from $104,000 in 2011.

"We just think it's a shortage of inventory. There aren't as many homes on the market. We're down about 21 percent for listings in August, and so if you have a good home that's priced properly, and it's in good condition it's going to sell quicker is what it means," said Barb Stout, President of the Toledo Board of Realtors.

Although September 2011 outpaced September 2012 when it comes to home sales, the board says 2012 is on pace to beat 2011 for total home sales.

To view the full Toledo Board of Realtors, click here.

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