BREAKING NEWS

BREAKING NEWS

Trumbull home sales up in April; Mahoning’s down

Tribune Chronicle

WARREN — Trumbull County, for a second month in a row, saw a year-over-year increase in home sales in April with a 16.3 percent jump.

There were 178 closed sales in the county in April, up from 153 the same month the prior year, according to the Warren Area Board of Realtors.

Year over year, pending sales rose 46.1 percent, from 178 in April 2016 to 260 last month. New listings fell 6.2 percent, from 259 in April 2016 to 243 last month. The median sales price fell 6.5 percent, from $80,000 to $74,770, while the average sales price dropped 11.4 percent, from $97,006 to $85,989.

The number of days that homes were on the market decreased 17.7 percent, from 130 to 107. Inventory was down 24.7 percent from 1,036 to 780.

In March, home sales rose 18.5 percent in March with 186 closings over 157 for that month in the prior year.

Year to date, as of April 30, closed sales for Trumbull County rose 6.2 percent, from 568 to 603; pending sales went up 18.7 percent, from 664 to 788; new listings rose 0.9 percent, from 915 to 923; the median sales price fell 1.7 percent, from $75,000 to $73,700, while the average sales price dropped 5.2 percent, from $92,078 to $87,245; and the number of days homes were on the market dropped 10.9 percent, from 137 to 122.

In Mahoning County, closed sales fell 9.3 percent, from 227 in April 2016 to 206 last month, according to the Youngstown / Columbiana County Association of Realtors.

When comparing last month with April 2016, new listings rose 0.3 percent, from 341 to 342; pending sales rose 4.4 percent, from 270 to 282; the median sales price increased 0.6 percent, from $83,500 to $84,000; the average sales price rose 9.3 percent, from $101,466 to $110,893; the number of days homes were on the market declined 6.1 percent, from 115 to 108; and inventory was down 31.6 percent, from 1,429 to 977.

March sales in Mahoning were down 2.5 percent, from 242 that month in the prior year to 236 for 2017.

As of April 30, year-to-date closed sales in Mahoning County, compared to 2016, fell 5.2 percent, from 808 to 766; new listings were down 4.8 percent, from 1,263 to 1,203; pending sales rose 0.3 percent, from 917 to 920; the median sales price rose 5.7 percent, from $78,750 to $83,250; the average sales price jumped 9.6 percent, from $99,585 to $109,140; and the number of days homes were on the market dropped 4.2 percent, from 120 to 115.

Year-to-date inventory figures were not available for either county.

business@tribtoday.com

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