Ohio Real Estate Market Stabilizing

Ohio’s real estate market despite the economy is stabilizing.

The Ohio Association of Realtors says home sales rose nearly 10 percent in the state from July to August while the average selling price went down.

"The trends are that were still in the red but not nearly as fast as in 08 or 09," said Jay Butler with Jay Butler Realty in Zanesville.

And even though the market is still in the red, he is seeing many residents in the county looking to upgrade their home indicating a sure sign it’s a buyer’s market.

"The interest rates are still good; however, many of the people that are upgrading that have taken advantage of this market are paying in cash," said Butler.

Butler says some pay in cash because they feel its more financially secure for them. He also says September is expected to be a good month for home sales.