Valley Home Sales Drop, but Dollar Volume Rises 15%

YOUNGSTOWN, Ohio – Sales of single-family homes in the area were down in February because of a 20.4% decline in Mahoning County’s numbers. Despite the decline in unit sales, the total value of houses sold was up 15% from a year ago.

The latest statistics from MLS-Now show sales of houses in Trumbull County last month totaled 137 units, up 10 from February 2020. Columbiana County sales totaled 69 units, seven more than a year ago. In Mahoning County, 152 units were sold in February, down from 191 a year earlier. 

So far in 2021, 114 houses have sold in Columbiana County, 321 in Mahoning County and 276 in Trumbull County. Combined, total sales year to date are down in the three counties, 711 for the first two months of 2021 compared to 731 during the same period last year.  

The total dollar volume of the houses sold in the three counties last month was $51.5 million, compared with $44.7 million in February 2020. 

All three counties posted gains in dollar volume, with sales in Trumbull and Columbiana counties each rising nearly 30%. February sales in Trumbull County totaled $18.1 million last month compared with just under $14 million a year ago. Columbiana County sales for the month totaled $10.2 million, up from $7.9 million in February 2020. Mahoning County’s sales totaled $23.1 million in February, up a modest 1.4% from a year earlier

In Mahoning County, the average February selling price was $152,195, up 27.5% from $119,482 a year earlier, though down from January’s $163,876. Trumbull County’s average sale price last month was $132,113, up from $110,060 in February 2020 and from $122,976 in January. 

Columbiana County posted an average sale price in February of $148,144, up from $143,171 the month before and from $127,343 in February 2020. 

Sale prices in February ranged from $17,250 to $1.2 million in Mahoning County, from $13,500 to $450,000 in Trumbull County, and from $5,000 to $610,000 in Columbiana County. 

Copyright 2022 The Business Journal, Youngstown, Ohio.