Home sales show mixed results
WARREN – More homes were sold in Trumbull County in July than the previous year, and they sold more quickly, according to information released by the Warren Area Board of Realtors.
Statistics show 172 Trumbull County homes sold in July, up from the 170 sold in July 2013. The average number of days the homes were on the market decreased by 22 percent to 104.
Still, the median selling price dipped by 8 percent to $75,500 from $82,000.
Year-to-date, closed sales in Trumbull County reached 999, up 3 percent from 969 this time a year ago.
In neighboring Mahoning County, sales closed on 224 homes in July, about 6 percent more than the 212 sold in July 2013.
Those figures, released by the Youngstown-Columbiana Association of Realtors, showed, however, that the Mahoning County homes remained on the market an average of 102 days, slightly longer than the average 100 days in July 2013.
Slowed sales come despite the slim inventory of 1,486 in Mahoning County, down about 3 percent from the 1,528 on the market this time last year.
Mahoning County median sale price was $86,000, on par with July 2013.
Year-to-date, buyers closed on 1,311 home sales last month in Mahoning County, down 5.5 percent from 1,388 at this time last year.