2016 has been a busy year for Ohio’s real estate market, which has seen massive growth this year. The state’s home purchase report by Ohio Association of Realtors indicated that the year had been the busiest for the real estate market since 2005. During this period over 151,600 home purchases were recorded. The figures mentioned in the report were up by over 7.5 percent from 2015, and in the northeast Ohio, the increase in home sales was up by 8 percent since last year.
The sales figure for December in Ohio was up by 2.8 percent from the December sales figure last year, but in general Northeast Ohio and other regions showed a decline. The average sale price has also seen a sharp increase of 4.8 percent to $159,531. A couple of factors that helped in the rise of sales and average prices in the real estate market was the increase in employment and astoundingly low mortgage rates. However, one of the key factors that could influence the way the real estate market moves in the time to come is the lack of residential properties to sell. The demand-supply ratio is uneven, and while there are buyers ready to purchase, there are very limited options in both the new homes as well as resell properties.
Tammy Mazzocco started her career as a licensed agent in the year 1995 when she joined Edwards Realty Company as a secretary. Under the leadership of Mike Zelnik, she got the opportunity to work with other nine professional real estate agents. It helped her get the experience needed to survive the competitive housing market, and also improved her technical knowledge of the field. After leaving Edwards Realty Company, she joined Scotland Yard Condominiums and was involved with condominium management for the next seven years. Tammy has exceptional communication and leadership skills and is also known widely in the real estate field as a smooth negotiator.
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