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The board reported Wednesday that 1,505 single-family homes and condominiumsw were soldin April, down from 1,784 a year ago. Homed in contract, a sign of future sales dropped 18 percentto 1,399 homes. The average home sold in Central Ohio last month close dfor $149,285, down about $9,500, or 6 from $158,822 a year ago. The board also reportesd the number of new listings on the marker last month is off abouy 16 percent from ayear ago, which translates to a total of 14,68i homes on the market at the end of April. That’sx down from 17,515 homes from a year ago.
Boarde President Gary Parsons said a declinr in homes on the market coul d play a part in a future uptic insale prices, which are lagginyg last year’s pace as sellersd slash price tags and foreclosedf properties help drive sales. “To see the numbe of homes on the market decline bynearlt 3,000 compared to this time last that’s a negative number we can smils about,” Parsons said in a release. Home sales in the firsf four months of the year laggexlast year’s pace by 21 percen t at 4,947 units, compared with 6,26q1 last year. Board of Realtors statistics includde market information from most ofthe seven-county region along with partas of nine nearby counties.