Real Estate

Columbiana County Boosts Home Sales in February

YOUNGSTOWN, Ohio – Behind a strong month in the Columbiana County real estate market, home sales in February were up overall across the Mahoning Valley, according to data from the Youngstown/Columbiana Association of Realtors and the Warren Area Board of Realtors, as 345 sales closed that month.

That number is up 7.1% from February 2018, when 322 houses were sold, and January 2019, when 321 were sold.

Columbiana County saw sales jump 41.3% – 65 last month compared to 46 in February 2018 and 52 in January – while Trumbull County posted a modest gain of 3.9%, rising to 133 sold. In February 2018, 128 units were sold and in January, 118 were sold in the county.

Meanwhile, Mahoning County home sales were slightly off pace from a year ago with 147 sales closing in February, one less than the same period in 2018, and down from January’s 151 sold. The county also posted a drop in sale prices, as the average came in at $98,340, a 19% fall from February 2018’s $121,589. The January 2019 average sale price was $118,890.

Columbiana and Trumbull counties both posted a 10.2% year-over-year increase in sale price, rising to $121,681 and $115,056, respectively. In the same month a year ago, the average price for a home in Columbiana County was $110,397, while the Trumbull County average was $104,382.

So far in 2019, there have been 666 home sales closed in the Mahoning Valley, 10 ahead of the first two months of 2018. Most this year have been sold in Mahoning County, where 298 sales have been recorded. Trumbull County has seen 251 sales close and 117 have been finalized in Columbiana County.

Published by The Business Journal, Youngstown, Ohio.