Valley House Sales Up 5.1% in July
YOUNGSTOWN, Ohio – Sales of houses in Mahoning, Trumbull and Columbiana counties in July were up 5.1% from a year earlier.
The Youngstown/Columbiana Association of Realtors and the Warren Area Board of Realtors reported 574 houses sold last month in the three counties, compared with 546 in July 2018.
The increase was driven by a 13.8% rise year-over-year in units sold in Mahoning County, where 280 houses were sold in July, up from 246 a year earlier. That overcame a decrease in Trumbull County, where 200 houses were sold last month, six fewer than a year prior.
Sales in Columbiana were unchanged from the year before, with 94 reported last month.
In June, a total of 503 houses were sold in the three counties – 83 in Columbiana, 216 in Mahoning and 204 in Trumbull.
Average sale prices were up in all three counties from a year earlier, though down from June in both Mahoning and Columbiana counties.
In Mahoning County, the average selling price for a home in July was $130,486, up from July 2018’s $127,480 average but down from $149,701 in June.
Columbiana County’s average sale price last month was $124,957, a gain over July 2018’s $112,714 average but down from $129,913 in June.
Trumbull County’s $121,249 July average was up from $114,818 in July 2018 and June’s $118,194.
Year-to-date sales in the three counties combined are up 1.5% from the same period last year. Through July 31, 3,303 houses were sold, compared with 3,235 during the first seven months of 2018.
In Trumbull County, 1,199 houses were sold through July, 20 more than during the same period in 2018. In Columbiana County, sales year to date are up 9.2%, 544 this year so far compared to 498 during the first seven months of the previous year.
Sales in Mahoning County are up just two units from a year ago, with 1,560 units sold during the first seven months of 2019.
Copyright 2022 The Business Journal, Youngstown, Ohio.