Banking & Finance

Mahoning, Trumbull Home Sales Up in March

YOUNGSTOWN, Ohio – Sales of single-family homes in March improved by more than a third in Mahoning County from a year earlier, and were up by nearly a quarter in Trumbull County, the latest reports from the local boards of realtors show.

According to data from the Centralized Real Estate Information Services Multiple Listing Service, as provided by the Youngstown/Columbiana Association of Realtors and the Warren Area Board of Realtors, 225 single-family units were sold in Mahoning County last month, a 36.4% increase from the 165 units sold in March 2014. That was up as well from the 142 units sold in February.

In Trumbull County, home sales saw a 23.3% gain over the year, with 164 units sold in March compared to the 133 sold a year earlier. In February, 121 houses were sold.

Sales in Columbiana last month were off 4.2% from a year earlier. In March, 46 houses were sold, compared to 48 a year earlier. March’s sales in the county did improve modestly on February’s 44.

Year-to-date, sales in all three counties are up compared to a year ago. During the first three months of 2015, 516 houses were sold in Mahoning County, up 12.2% from 460 a year earlier. In Trumbull County, 411 units were sold, up 11.7% from the first quarter of 2014. In Columbiana County, 142 houses were sold, up 2.9% from the 138 sold during the same period last year.

Average sale prices improved in both Mahoning and Trumbull counties last month from a year earlier. In Mahoning County, the average sale price in March was $106,973, up from $88,857 a year earlier and from February’s $91,110 average. Trumbull County’s average sale price was $85,273 last month, up from $69,418 a year earlier but down from $91,132 in February.

Columbiana County’s average sale price in March declined by nearly 14% from a year earlier, to $88,290 last month from $102,494 in March 2014. In February, the average sale price in the county was $90,879.

Published by The Business Journal, Youngstown, Ohio.