Ohio Real Estate

The real estate market in Ohio remains steady and consistent, posting best ever monthly sales for 14 of the last 15 months. The average sales price of a single family home in June, 2004, was $163,312, up 3.5% from June, 2003. New construction in Ohio continues to be strong, especially in suburban areas of major cities like Columbus, Dayton, and Cleveland. Many buyers enjoy the benefit of close proximity to jobs in the city, while living amidst the beauty of the countryside. Ohio offers many great areas for first time home buyers, with many homes in the metro and suburban areas priced under $225,000.

Columbus is the capital of Ohio and is the largest city in the state. Columbus offers a broad range of housing in the area, from million dollar high rise condos to large tracts of farm land. Home values in Columbus have continued to increase over the past few years, and there are a growing number of jobs in the area. The high demand for new homes has caused a slow down in sales of existing homes, due in part to incentives by production builders and low interest rates. Columbus boasts an excellent transportation system while still maintaining its Midwestern roots.

Dayton is located in the Miami Valley region in the southwest of Ohio and is home to over one million people. Suburban areas around Dayton are growing at a rapid rate, boosting the real estate market. Dayton is easily accessible via land or air, and the Dayton International Airport has plans for expansion in the near future. Dayton is well known as the birthplace of aviation inventors Wilbur and Orville Wright. Today Dayton offers great attractions, beautiful parks, and a variety of dining and arts venues. Dayton is home to the University of Dayton and Wright State University, as well as the headquarters for IAMS company, Reynolds & Reynolds, and LEXIS-NEXIS.