COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST) — Home sales dropped nearly 10% last month compared to the same period last year, according to Columbus Realtors, citing higher interest rates, inflation and rising home prices.
Sales dropped 9.7% in June when compared to the same month in 2021. Overall, 2022 sales so far are 2.4% behind the first half of 2021.
Pending sales in June also were down about 14% from this time last year, which suggests that July will see a year-over-year decline, Sue Van Woerkom, president of Columbus Realtors, said in a release.
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