House Sales in the Valley Up 18% from a Year Ago

YOUNGSTOWN, Ohio – The number of houses sold in Mahoning, Trumbull and Columbiana counties in April was up about 18% from a year earlier.

Cumulatively, 458 houses were sold in the three counties in April, compared with 386 in the same month a year ago, MLS Now, a multiple listing service collecting sales data from the northeastern Ohio region, reported Wednesday.

That includes 213 houses sold in Mahoning County last month, compared with 191 in April 2023, an 11.5% increase. In Trumbull County, 172 houses were sold last month, up 20.3% from 143 a year earlier. In Columbiana County, 73 units were sold in April, compared with 52 in April 2023, a 40.4% increase.

New listings in April increased 29.1% from a year earlier in Mahoning County, 17.6% in Trumbull County and 22.8% in Columbiana County.

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

In Mahoning County, April sales totaled $41.1 million, up 17.9% from $34.9 million a year earlier. In Trumbull County, total sales were up 38.3%, from $22.9 million last April to $31.7 million last month. In Columbiana County, dollar volume totaled $12 million in April, up 22.4% from $9.8 million a year earlier.

Average sales prices in April were up in Mahoning and Trumbull counties and down in Columbiana County.

The average sale in Mahoning County in April was $193,191, up 5.7% from $182,791 a year ago. The average sales price in Trumbull County last month was $184,338, a 15% increase from April 2023’s $160,280. Columbiana County’s average sales price last month was $164,770, down 12.8% from $188,930 in April 2023.

Throughout Ohio, home sales in April reached 11,547, a 13.2% increase from the 10,199 sales recorded in April 2023. The average sales price across the state in April reached $280,814, a 4.9% increase from the $267,665 mark posted in April 2023.

“The strength and stability of the Ohio housing marketplace is evident, as sales activity levels for the year are outpacing sales from a year ago,” said Ali Whitley, Ohio Realtors president. “With the increase in home sales, the market is also showing a consistent increase in average sales price. This is encouraging news for both current homeowners and potential buyers, affirming that housing in Ohio remains a solid, long-term investment.”

Copyright 2024 The Business Journal, Youngstown, Ohio.