House Sales in the Valley Up 4% from a Year Ago

YOUNGSTOWN, Ohio – The number of houses sold in Mahoning, Trumbull and Columbiana counties in July was up about 4% from a year earlier.

Cumulatively, 450 houses were sold in the three counties in July, compared with 431 in the same month a year ago, MLS Now, a multiple listing service collecting sales data from the northeastern Ohio region, reported Thursday.

That includes 221 houses sold in Mahoning County last month, compared with 200 in July 2023, a 10.5% increase. In Trumbull County, 164 houses were sold last month, down 3% from 169 a year earlier. In Columbiana County, 65 units were sold in July, compared with 62 in July 2023, a 4.8% increase.

New listings in July increased 13% from a year earlier in Mahoning County and 15.3% in Columbiana County, but decreased 1.4% in Trumbull County.

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

In Mahoning County, July sales totaled $55 million, up 32.6% from $41.4 million a year earlier. In Trumbull County, total sales were up 19.9%, from $26.1 million last July to $31.3 million last month. In Columbiana County, dollar volume totaled $11.9 million in July, up 13.7% from $10.4 million a year earlier.

Average sales prices in July were up in all three counties.

The average sale in Mahoning County in July was $248,954, up 20% from $207,400 a year ago. The average sales price in Trumbull County last month was $190,906, a 23.5% increase from July 2023’s $154,542. Columbiana County’s average sales price last month was $183,107, up 8.5% from $168,831 in July 2023.

Throughout Ohio, home sales in July reached 12,588, a 6.9% increase from the 11,779 sales recorded in July 2023. The average sales price across the state in July reached $304,802, a 6.4% increase from the $286,390 mark posted in July 2023.

“July 2024 was a strong month for Ohio’s real estate market, with both home sales and home prices up over last year,” said Ali Whitley, Ohio Realtors president. “This demonstrates the growing confidence and stability within our housing sector.”

Copyright 2024 The Business Journal, Youngstown, Ohio.