House Sales in the Valley Up 9% from a Year Ago

YOUNGSTOWN, Ohio – The number of houses sold in Mahoning, Trumbull and Columbiana counties in March was up about 9% from a year earlier.

Cumulatively, 462 houses were sold in the three counties in March, compared with 423 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 212 houses sold in Mahoning County last month, compared with 223 in March 2023, a 4.9% decrease. In Trumbull County, 187 houses were sold last month, up 22.2% from 153 a year earlier. In Columbiana County, 63 units were sold in March, compared with 47 in March 2023, a 34% increase.

New listings in March increased 5.3% from a year earlier in Mahoning County, 13.5% in Trumbull County and 16.1% in Columbiana County.

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

In Mahoning County, March sales totaled $41.8 million, up 10.6% from $37.8 million a year earlier. In Trumbull County, total sales were up 31.4%, from $22.8 million last March to $29.9 million last month. In Columbiana County, dollar volume totaled $10.4 million in March, up 33.8% from $7.7 million a year earlier.

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

The average sale in Mahoning County in March was $197,525, up 16.3% from $169,853 a year ago. The average sales price in Trumbull County last month was $160,165, a 7.5% increase from March 2023’s $149,040. Columbiana County’s average sales price last month was $165,555, down 0.2% from $165,881 in March 2023.

Throughout Ohio, home sales in March reached 10,713, a 1.8% decrease from the 10,912 sales recorded in March 2023. The average sales price across the state in March reached $275,448, an 8.8% increase from the $253,067 mark posted in March 2023.

“Ohio’s March home sales data signals a stable market,” said Ali Whitley, Ohio Realtors president. “Despite a temporary dip in home sales, we are seeing the resilience of the housing market, with a sustained increase in the average sale price. Homeownership remains a reliable, long-term investment,” she said.

Published by The Business Journal, Youngstown, Ohio.