Home sales improve in June

WARREN – After three consecutive months of sliding home sales, Trumbull County Realtors in June got a glimmer of hope when sales increased by 6 percent, Warren Area Board of Realtor statistics show.

Mahoning County sales also increased by about 6 percent when compared to sales in June 2012, according to numbers from Youngstown-Columbiana Association of Realtors.

Statistics show 157 buyers closed on home sales in June, compared to 148 a year ago. Year-to-date sales continue to lag in Trumbull County, though, by about 2 percent when compared to a year ago.

Year-to-date sales in Mahoning County are up by 14 percent over comparable sales of 2012.

Figures released this week indicate inventory in both local counties remain among the lowest they have been in nearly a decade. That may be helping to contribute to faster home sales. Homes that sold last month in Trumbull County were on the market an average of 105 days. Mahoning County homes sold after an average of 111 days on the market.

In both counties, however, sale prices declined compared to June 2012. Trumbull median sale price was $71,250, compared to $78,250 a year ago. Mahoning median sale price was $78,400, down from $90,820 a year ago.