Home sales are down for Toledo through the first half of this year.

3,080 homes were sold from January to June of 2011, compared to 3,417 for the same period in 2010, a 9.9 percent reduction, according to the Ohio Association of Realtors.

Total revenue was $311,929,000, down from $365,639,000 through June 2010, a 14.7 percent reduction.

The average price of homes is also down 5.4 percent, from $107,006 in 2010 to $101,276.

Ed Sitter, president of the Toledo Board of Realtors, remains cautiously optimistic.

“I think there is a very fragile recovery taking place,” he said. “I think we are going to see an increase [in] the amount of sales over last year in the months of July, August and September.”

Tags: Business, Housing, Patrick Timmis, Toledo

This entry was posted on Wednesday, July 20th, 2011 at 2:02 pm and is filed under Housing, Toledo Business Link.
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