Local Real Estate Stabilizing

Local Real Estate Stabilizing

by Brittany Harris on August 25, 2010

The latest home sales numbers are out and statewide things are not looking so good.

The Ohio Association of Realtors say that July home sales are down 35% from June. Zanesville Real Estate Agent Jay Butler talks about sales in this region.

"Muskingum County is only down however, 1.3%, a year ago, July, three counties: Muskingum, Morgan and Perry County, there’s a collective of 76 homes sold," said Jay Butler.

This year, 75 homes have been sold in the three counties. Butler says if homeowners are looking to purchase a new home, the time is now.

"This is a great time to buy a house, interest rates are historically low, 4.22 percent today on a thirty year fixed is unbelievable really," he said.

Butler says he doesn’t see a dramatic increase or decrease in sales in the future.