House Sales in the Valley Up 13% from a Year Ago

YOUNGSTOWN, Ohio – The number of houses sold in Mahoning, Trumbull and Columbiana counties in February was up about 13% from a year earlier.

Cumulatively, 357 houses were sold in the three counties in February, compared with 314 a year ago, MLS Now, a multiple listing service collecting sales data from the northeastern Ohio region, reported.

That includes 166 houses sold in Mahoning County last month, compared with 142 in February 2023, a 16.9% increase. In Trumbull County, 128 houses were sold last month, up 7.6% from 119 a year earlier. In Columbiana County, 63 units were sold in February, compared with 53 in February 2023, a 18.9% increase.

New listings in February increased 2.7% from a year earlier in Mahoning County, 22.5% in Trumbull County and 67.4% in Columbiana County.

The total volume of houses sold in February compared with the same period last year was up in all three counties.

In Mahoning County, February sales totaled $31.4 million, up 31.6% from $23.9 million a year earlier. In Trumbull County, total sales were up 15.1%, from $17.9 million last February to $20.6 million last month. In Columbiana County, dollar volume totaled $9.8 million in February, up 43.9% from $6.8 million a year earlier.

Average sales prices in February were also up in all three counties.

The average sale in Mahoning County in February was $189,497, up 12.5% from $168,386 a year ago. The average sales price in Trumbull County last month was $161,410, a 7% increase from February 2023’s $150,842. Columbiana County’s average sales price last month was $156,616, up 21.1% from $129,356 in February 2023.

Activity across the Ohio housing marketplace rose in February, according to Ohio Realtors. Additionally, sales price and dollar volume are both up compared with February 2023.

Home sales in February reached 8,810, a 7.8% increase from the 8,174 home sales recorded during the month a year ago. The average sales price across the state in February reached $264,941, an 8.9% increase from the $243,210 mark posted in February 2023.

“In February, there was an increase in sales activity within Ohio’s housing market. With interest rates stabilizing and solid gains in average sale price, consumers recognize the long-term benefits that homeownership provides, sellers feel confident to list their homes and Ohio Realtors are feeling positive about the market as we enter the spring home-buying season,” said Ali Whitley, Ohio Realtors president.

Published by The Business Journal, Youngstown, Ohio.