Banking & Finance

October Home Sales Up 5.4% in Region

YOUNGSTOWN, Ohio – Sales of single-family houses in Mahoning, Trumbull and Columbiana counties in October were up 5.4% from a year ago, the latest data from the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors show.

Collectively, 525 houses were sold in the three counties last month, up 5.4% from 498 in October 2016 although down from the 545 sold in September.

Sales in Columbiana County were up by more than 40% from a year ago, with 1010 units sold in October compared with 70 a year earlier and from 82 sold in September.

Mahoning County’s sales similarly were up from last October and the prior month, although more modestly. Mahoning sales totaled 236 in October, up from 231 in October 2016 and from 227 in September.

Sales in Trumbull County were down from October 2016 and September. Last month 188 houses were sold, down from 197 in October 2016 and from 236 in September.

Year-to-date, sales of houses in the three counties combined are up 3.2% from a year ago, despite being down in Mahoning County. Through October, 4,914 units have been sold, compared with 4,765 for the first 10 months of 2016.

In Columbiana County, 775 houses were sold through October, compared with 694 for the same period in 2016, an 11.7% gain. Trumbull sales for the first 10 months of the year total 1,873, up 8.6% for the comparable period in 2016.

Mahoning County’s sales so far this year are down 3.3%, with 2269 houses through October compared with the 2,347 sold during the first 10 months of 2016.

Average sale prices during October were up from a year earlier.

In Columbiana County, the average sale price was $118,196, up from $115,980 in October 2016 but down from September’s $119,853. Mahoning County’s $118,666 average sale price in October was up from $114,306 posted a year earlier but down from the $120,067 average in September.

Trumbull County’s average selling price in September was $98,404 in October, up from $94,981 in October 2016 and from $96,327 in September.

Published by The Business Journal, Youngstown, Ohio.