Banking & Finance

Sales of Houses in Region on Par with 2016

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YOUNGSTOWN, Ohio – Sales of single-family houses in the tri-county area for the first six months of the year remain on pace with the same period in 2016, despite softness in Mahoning County.

A total of 2,709 houses were sold from Jan. 1 through June 30 in Columbiana, Mahoning and Trumbull counties. That total is just ahead of the 2,694 units sold during the three counties for the six months ended June 2016, according to data compiled by the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors.

In Mahoning County, first-half sales are down 4.1%, with 1,268 units sold this year so far, compared to 1,341 during the first six months of 2016. In Trumbull County, sales of houses are up 8.4% with 1,047 units sold during the first six months of the year compared with 966 during the same period last year.

Sales in Columbiana County are up 1.8% so far this year, with 394 units sold during the first half of 2017 compared with the 387 in 2016.

For the month of June, sales were up from a year ago in Trumbull County while declining in both Mahoning and Columbiana counties.

Sales in Trumbull County totaled 215 houses last month, up 7.5% from the 200 units sold the same month a year ago though down slightly from the 227 sold in May.

In Mahoning County, 264 houses were sold, down 7.0% from the 284 sold a year earlier but up from 250 in May.

Sales in June were down 12.8% in Columbiana County, with 82 houses sold in June compared with 94 a year earlier. In May, 89 units were sold.

Average sale prices in June were up in Mahoning, Trumbull and Columbiana counties.

The average sale price of a house in Mahoning County last month was $124,864, up 5.3% from $118,614 in June 2016, and also up from $117,432 in May.

In Trumbull County, the average sale price was $103,335 in June, an 8.5% gain from $95,237 a year ago and comparable to $103,443 in May.

Columbiana County’s June average selling price of $118,262 was 0.8% ahead of the $117,367 posted a year earlier, and up from $108,561 in May.

Published by The Business Journal, Youngstown, Ohio.