The state government Ohio division of real estate is formally referred to as the Ohio Department of Commerce, Division of Real Estate and Professional Licensing. The phone number for this government office is (614) 466-4100, and the address for its headquarters is 77 South High Street, 20th Floor. People interested in the legal issues which may arise from an Ohio real estate transaction, whether a purchase or a sale, can contact this body.

 

Columbus real estate has been affected by the overall decline in housing sales and house pricing, as has generally remarked upon as a result of the recent “bursting” of the so-called real estate bubble. Columbus property was affected by this occurrence to the point of a 21.1 percent fall in the average price of a square foot of Columbus Ohio real estate. The most valuable residential Columbus property is in the neighborhood of Victorian Village.

 

Cleveland real estate transactions have been marked by an increased number of lots of properties and residential offerings being dispensed of through the legal tool of sheriff’s auction, a phenomena which has been taken by many as a worrying sign of the problems with placing the Cleveland property market as a whole on a financially sustainable basis. The numbers of Cleveland homes for sale have been eclipsed by the 4662 foreclosed Cleveland residences in 2010.

 

Toledo real estate has declined in monetary value, according to overall surveys conducted of this area of real estate over the course of the 2010 period in sales and purchases. According to the information thus gathered, Toledo real estate has declined, in terms of every square foot in the city, by a 5.7 decline in the average price which can thus be asked for such an area.

 

The Canton real estate market has been marked by worrying trends in the form of a 31.2% decline in home sales volume experienced in 2010 and determined by comparison with the sales made previously in 2009. Canton realtors have, however, expressed a degree of positivity over the finding that the industry was able to sell more homes during the same period than had been foreclosed upon, showing some possible recovery in Canton real estate sales.

 

The Cincinnati real estate market was found, by overall surveys collecting data in the form of price and value estimates, to have decreased a fall in the general value of parcels of Cincinnati property, as was specifically found in terms of square feet of land and at the rate of a 3.6 decline, in comparison with 2009 Cincinnati square footage average value. The average price for Cincinnati real estate improved, however, by 1%.

 

The Cleveland real estate market has been noted, as has also generally been the case throughout the state of Ohio and throughout the United States as a whole, for a slew of problems related to home-ownership problems and general economic weakness. 

In general, lots of Cleveland property have become less valuable due to the ongoing economic downturn, and a high rate of foreclosures have also marked the Cleveland real estate market, as was reported over the course of 2010 by realtors and others involved on a professional basis with this market. Surveys collected of available Cleveland property information found that, at one point during that year as a whole, the number of residential pieces of property then being offered for sale- 3,147- had been outstripped by the total number of Cleveland real estate foreclosures- 4662- as had occurred during 2010.

 

The Cleveland property market was also marked by concerns felt and expressed by many throughout the 2010 period in the Cleveland real estate scene over the number of pieces of property being sold off through sheriff’s sales.

In this regard, not only were current homeowners in the Cleveland real estate market having trouble holding on to their property, people hoping to sell off newly developed or available lots of Cleveland property were also failing to provide such pieces of property to purchasers, and in some cases were having to let go of their property. The lack of credit has been observed to be limited Cleveland real estate transactions to those purchasers with ready cash on hand.

 

The Toledo real estate market was found by collected information on transactions made in that period and new offerings made available to purchasers to have declined in financial strength by some degree throughout the 2010 period in comparison to the comparable deals made in the previous Toledo real estate period of 2009. The average square foot of Toledo real estate, for one, was found to have fallen in monetary value by 5.7%, with each such area of land now going for $50.

 

Other numbers collected on the ongoing state of the Toledo real estate market found similar markers of ongoing problems facing homeowners, realtors and other people financially committed to this area of the Ohio economy. In this regard, the overall Toledo real estate market survey found that the number of real estate transactions concluded recently as of September 2010 had been outstripped by the number of foreclosure proceedings which homeowners had been forced to go through in that year, with 2324 recent home sales measured against 2581 overall foreclosures. In mid-September of that year for the Toledo real estate, moreover, the survey found that homes had been sold with an average price tag of