Valley Home Sales Down in November, YTD
YOUNGSTOWN, Ohio – Sales of single-family houses in the tri-county area during November are down from last November and year-to-date.
The monthly report provided by the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors showed combined sales were down 3.8% in Mahoning, Trumbull and Columbiana counties when compared to November 2017. A total of 458 houses were sold in November, down from 512 in October, and from 476 in November 2017.
In Mahoning County, 198 units were sold, down from 243 in October, and down 3.4% from the 205 sold in November 2017. In Trumbull County, 179 houses were sold in November, down from 193 sold in October, and from the 190 sold a year earlier. Columbiana County saw 81 houses sold, up from the 76 sold in October and on par with November 2017 sales.
Year-to-date, sales for the three counties are off 1.3% compared to the first 11 months of 2017. Through November, 5,327 houses were sold in the three counties, compared with 5,398 during the first 11 months of 2017.
Year-to-date, 1,942 houses have been sold in Trumbull County, down 5.9% from the 2,064 sold during the first 11 months in 2017. In Columbiana County, sales are down 2.2%, with 838 units sold through November compared with 857 during the same period last year.
In Mahoning County, sales during the first 11 months are up 2.8%, with 2,547 houses sold so far compared to 2,477 a year earlier.
Meanwhile, average sale prices in all three counties are up.
In Columbiana County, the average sale price last month was $121,110, down from $126,036 in October, but up from $111,084 in November 2017.
The average sale price in Mahoning County in November was $141,127, higher than the $134,188 reported in October and $109,505 in November 2017.
Trumbull County’s average sale price last month topped the $98,985 average recorded a year earlier but was down slightly from $111,083 in October.
Copyright 2022 The Business Journal, Youngstown, Ohio.