House Sales in the Valley Decline 9% from a Year Ago
YOUNGSTOWN, Ohio – The number of houses sold in Mahoning, Trumbull and Columbiana counties in August was down about 9% from a year earlier.
Cumulatively, 532 houses were sold in the three counties in August, compared with 585 a year ago, MLS Now, a multiple listing service collecting sales data from the northeastern Ohio region, reported Thursday.
That includes 247 houses sold in Mahoning County last month, compared with 279 in August 2022, an 11.5% decline. In Trumbull County, 194 houses were sold last month, down 4.9% from 204 a year earlier. In Columbiana County, 91 units were sold in August, compared with 102 in August 2022, a 10.8% decrease.
New listings in August declined 1.9% from a year earlier in Mahoning County and 2.5% in Trumbull County. They were up 23% in Columbiana County.
Year-to-date, combined unit sales in the three counties were down about 15%, falling from 3,871 last year to 3,265 for the same period this year.
The total volume of houses sold in August compared with the same period last year was down in all three counties.
In Mahoning County, August sales totaled $49.4 million, down 4.2% from $51.5 million a year earlier. In Trumbull County, total sales were down 4.3%, from $36.2 million last August to $34.6 million last month. In Columbiana County, dollar volume totaled $16.6 million in August, down 13.6% from $19.2 million a year earlier.
Average sale prices were up in Mahoning and Trumbull counties but down in Columbiana County.
The average sale in Mahoning County in August was $200,007, up 8.2% from $184,815 a year ago. The average sale price in Trumbull County last month was $178,652, a 0.7% increase from August 2022’s $177,501. Columbiana County’s average sale price last month was $182,559, off 3.1% from $188,421 in August 2022.
Published by The Business Journal, Youngstown, Ohio.