Banking & Finance

Home Sales in 3 Counties Ahead of 2015 YTD

Share on Facebook0Tweet about this on TwitterShare on Google+0Share on LinkedIn2Pin on Pinterest0Email this to someone

YOUNGSTOWN, Ohio – Sales of single-family houses in Mahoning, Trumbull and Columbiana counties during the first four months of 2016 are up about 3% from the same period last year, newly released monthly data show.

That comes despite a drop in sales last month from sales posted in April 2015.

According to reports compiled from data provided by the Youngstown-Columbiana Association of Realtors and the Warren Area Board of Realtors, 1,382 houses were sold in the three counties from January though April, compared with 1,436 during the same period last year. During the first four months of 2016, 804 units were sold in Mahoning County, 567 in Trumbull County and 217 in Columbiana County. That compares to 747, 591 and 198 in the respective counties during the same period in 2015.

Collectively, 435 houses were sold in the three counties in April, down 5.2% from the 459 sold in April 2015. Both Mahoning and Trumbull counties saw decreases last month from a year earlier, while sales in Columbiana rose slightly, to 59 from 54 a year earlier, but down slightly from 61 units in March.

In Trumbull County, 152 houses were sold during April, down from 178 in April 2015 and from 156 in March. The drop was more modest in Mahoning County, where 224 houses were sold last month, compared with 227 in April 2015, and down as well from 237 in March.

The average sale price per unit in both Mahoning and Trumbull counties experienced gains over the year, while dipping slightly in Columbiana County.

In Mahoning County, the average sale price was $102,011 in April, up from $97,487 a year earlier but down from $106,593 in March. Trumbull County’s $96,623 average selling price last month was up from $90,575 in April 2015 and from March’s $91,361. Columbiana County’s $98,004 average sale price in April was down from $100,873 a year earlier and from $122,364 in March.

Published by The Business Journal, Youngstown, Ohio.