Banking & Finance

Mahoning, Trumbull Home Sales Show Gains in May

YOUNGSTOWN, Ohio — Home sales in Mahoning and Trumbull counties last month were up at least 15% over the same period a year earlier, and year-to-date figures are up by at least 12% in both counties,  statistics show.

The numbers  were released Tuesday by the Centralized Real Estate Information Services Multiple Listing Service, which based them  on sales statistics collected from boards of Realtors in an eight-county region that includes Mahoning, Trumbull and Columbiana counties. Locally, the Youngstown-Columbiana Association of Realtors and the Warren Area Board of Realtos report their sales the figures  to the service.

In Mahoning County, 238 houses were sold during May, up 15.3% from the 206 sold a year earlier, and up from the 223 sold in April. In Trumbull County, 164  were sold, up 18.0% from the 139 a year earlier although down slightly from  177in April.

Year-to-date, 984 single-family units have been sold in Mahoning County, up 12.3% from the number sold during the first five months of 2014. In Trumbull County, 755 units have been sold through May, up 14.2% from the first five months of 2014.

In Columbiana County, 62 houses were sold, down 16.2% from the 74 sold in May 2014 but up from the 62 sold in April. Year-to-date, sales are down 7.9%, with 258 units sold through the end of last month compared with the 280 sold during the first five months of 2014.

The average sale price in Columbiana County  was 18.8% higher than last year, $110,717 in May compared with $93,172 in 2014, and up from $99,611 in April.

In Mahoning County, the average sale price was $111,908, up 8.9% from $102,782in May 2014  and higher than $98,070 in April.

In Trumbull County, the average sale price was $96,942, up 13.7% from $85,271 in May 2014 and up from  $90,271 in April.

SOURCE: Centralized Real Estate Information Services Multiple Listing Service.

Published by The Business Journal, Youngstown, Ohio.