Support Local Journalism. Join the Cleveland Scene Press Club.

Monday, March 21, 2011

Ohio Home Sales Down From a Year Ago

Posted By on Mon, Mar 21, 2011 at 3:01 PM

Back in the day . . . or . . . right now . . . still
  • Back in the day . . . or . . . right now . . . still

What with tsunamis, Libyan air raids and Charlie Sheen holding down the high profile spots in the news cycle these days, who has time to worry about the housing crisis? The housing crisis? You look a little confused, you remember that, right? We know, it’s pretty 2008, took us a moment or two to jog the old memory banks as well.

Despite the radio silence on the topic, the hard data shows that the deflated balloon from the mid-2000s housing push still hangs heavy on both the state and Northeast Ohio. In fact, the figures are worse than they were a year ago.

Crain’s Cleveland Business reports on the latest statistics on home sales released by the Ohio Association of Realtors. In February 2011 sales were down 5.4 percent statewide from last year (although it does represent a jump from 3.7 percent in January of this year). In our region, sales were down 13.5 percent. So yeah, that empty cookie-cut ranch house with the unruly mop-top lawn and eyesore pain job is probably going to gather more dust down the line. Or become the neighborhood bums’ clubhouse. Or toilet. The options are endless.

Crain’s, on the details:

The group reported there were 5,524 homes sold statewide last month, down 5.4% from 5,839 sales in February 2010. The average sale price was $118,037, or 1.6% below the $119,994 mark in the like month a year ago. The total dollar volume from sales statewide in February was $652 million, down 6.9% from $700.6 million in February 2010.

And on the home front:

There were 1,615 homes sold in February in NEOHREX, down 13.5% from 1,868 sales in February 2010. The average sales price in Northeast Ohio was down 1.3% to $108,650 from $110,122 a year ago. Total dollar volume plummeted 14.7% to $175.5 million from $205.7 million in February 2010.

Tags: , , , , , ,

We welcome readers to submit letters regarding articles and content in Cleveland Scene. Letters should be a minimum of 150 words, refer to content that has appeared on Cleveland Scene, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at

Support Local Journalism.
Join the Cleveland Scene Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Cleveland Scene Press Club for as little as $5 a month.

Read the Digital Print Issue

October 20, 2021

View more issues


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.


© 2021 Cleveland Scene: 737 Bolivar Rd., Suite 4100, Cleveland, OH 44115, (216) 505-8199
Logos and trademarks on this site are property of their respective owners.

Website powered by Foundation