Toledo beats other Ohio metro housing markets

Toledo, OH The National Association of Realtors says Toledo had a higher increase in home prices, a bigger drop in homes on the market and a shorter average sale time than Akron, Cleveland, Cincinnati, Columbus and Dayton.

Toledo Board of Realtors President Ed Sitter tells The Blade (http://bit.ly/nYcbGS ) the report confirms "positive signs," including agents saying some homes are drawing multiple offers.

Toledo's median sale price rose to $114,900 in July, up 6 percent from the same month a year ago. Meanwhile, Cleveland's median price dropped 5 percent.

The number of houses for sale in Toledo fell 20 percent for July, while houses were on the market for 4 percent fewer days.

Information from: The Blade, http://www.toledoblade.com/