House Sales in Mahoning Valley Rise 10.1% in 2015
YOUNGSTOWN, Ohio – Sales of single-family houses in the tri-county region in 2015 finished 10.1% ahead of 2014, despite a softening in sales in Mahoning County in December.
During 2015, 5,543 houses were sold in Mahoning, Trumbull and Columbiana counties, compared with the 5,033 sold during the previous year, according to data provided by the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors.
Last year, 2,736 houses were sold in Mahoning County, up 14.1% from the 2,398 sold in 2014. In Trumbull County, sales were up 8.3% with 1,998 units being sold in 2015 compared with 1,845 sold in 2014.
In Columbiana County, 809 houses were sold, up from 790 the previous year.
Average sale prices in 2015 rose in Mahoning and Trumbull counties but declined in Columbiana County. The average sale price of a home sold in Mahoning County was $104,595, up 1.7% from 2014’s average, $102,832. In Trumbull County, the average sale price rose by 6.3% over the year, from $88,472 in 2014 to $94,048 last year.
Columbiana County’s average sale price declined 1.1% over the year, from the $104,080 average in 2015 to last year’s $102,916.
In December, Mahoning County sales saw a slight decrease from the same month a year earlier. Last month, 216 houses were sold, down 6.1% from the 230 sold during 2014 but up from the 195 sold in November.
In Trumbull County, 169 houses were sold last month, up 1.2% from the 167 sold in December 2014 and up from November’s 153. Columbiana County’s 69 houses sold in December is up from the 66 sold the same month a year earlier but down from the 73 sold in November.
Combined December sales in the three counties totaled 454 houses, down from 463 in December 2014 but up from November’s 421.
For the month of December, Mahoning County recorded an average sale rice of $110,973, up 8.5% $102,276 in December 2014. In Trumbull County, the average sale price dipped half a percentage point, to $86,138 from $86,534 a year earlier.
The average sale price in Columbiana County last month was down 7.6%, from $109,438 in December 2014 to $101,163.
In November 2015, average sale prices were $99,104 in Columbiana, $98,898 in Mahoning and $86,885 in Trumbull County.
Copyright 2022 The Business Journal, Youngstown, Ohio.