Mahoning Valley House Prices Counter US Trend

YOUNGSTOWN, Ohio – While CoreLogic data show that house prices in Ohio and the United States rose in November, the average price of a house sold in the Mahoning Valley dropped, albeit only 0.1%.

In the California company’s monthly report released Tuesday, the CoreLogic Home Price Index and related Forecast data for November 2015 show home prices across the nation were up year over year and month over month.

Across the United States, CoreLogic reported, the price of single-family houses sold, including distressed sales, between November 2014 and November 2015 rose 6.3% while November 2015 prices were 0.5% higher than October 2015.

It analysis of the data it collected had CoreLogic project that the price of the average single-family house sold 10 months hence will be 5.4% higher than last November.

In the Youngstown-Warren-Boardman market, CoreLogic found that prices fell 0.1% between November 2014 and last November. This includes distressed sales. Moreover, the average price of a single-family house sold in the Mahoning Valley last November was 2.6% lower than in October.

Across Ohio, the average price of a single-family house rose 3.5% from November 2014 until last November.

CoreLogic, traded on the New York Stock Exchange, describes itself as “a leading global property information, analytics and data-enabled services provider.” Its databank contains more than 4.5 billion records and extends back 50 years.

Copyright 2024 The Business Journal, Youngstown, Ohio.