January Housing Sales Down 25% in Northeastern Ohio
YOUNGSTOWN, Ohio — Sales of single family houses in the 18-county region, which includes Mahoning, Columbiana and Trumbull counties, dropped by 25.2% in January compared to December 2019.
According to data from Yes-MLS.com, 2,616 houses were sold last month, compared to 3,497 in December 2019. The average sale price also dipped by 5.3% to $167,917.
Of those listings, 351 were sold in Mahoning, Columbiana and Trumbull counties in January, compared to 467 in December 2019.
In January, Mahoning County led the local area with 162 listings sold with an average sale price of $124,289, down from 232 sold at an average sale price of $129,791 the month prior. Those numbers are up from January 2019, when the county saw 144 houses sold with an average sale price of $120,188.
Trumbull County reported 127 listings sold in January with an average sale price of $112,356, down from 162 sold in December 2019 with an average sale price of $121,453. Last month’s sales were up from 112 sold in January 2019 with an average sale price of $109,343.
In Columbiana County, 62 listings were sold with an average sale price of $101,783, down from 73 sold in December with an average sale price of $119,026. Sales in the county were up year-over-year from 49 listings sold, though the average sale price dropped from $134,639 , a 24.4% decrease.
Year-over-year, new listings are down across the board. Last month, 202 new listings came on the market in Mahoning County, down from 262 in January 2019. Trumbull County saw 169 new listings, down from 190 year-over-year, and Columbiana reported 76 new listings, down from 94.
Copyright 2023 The Business Journal, Youngstown, Ohio.