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Area home sales rise in August

216 closings in Trumbull County, Realtors say

WARREN — The number of area home sales increased in August compared to the same month last year.

There were 216 closed sales in Trumbull County last month, up 10.2 percent from 196 in August 2016, according to the Warren Area Board of Realtors.

Year over year, pending sales rose 45.9 percent, from 196 in August 2016 to 286 last month. New listings rose 2.5 percent, from 283 in August 2016 to 290 last month.

The median sales price fell 1.5 percent, from $84,000 to $82,750, and the average sales price dropped 2.2 percent, from $99,106 to $96,917.

The number of days homes were on the market decreased 23.9 percent, from 109 to 83. Inventory was down 26.5 percent, from 1,153 to 847.

For the first eight months of the year, closed sales in Trumbull County rose 6.7 percent, to 1,445 from 1,354 for the same period in 2016. In the same comparison, pending sales rose 14.8 percent, from 1,425 to 1,636; new listings fell 0.8 percent, from 2.108 to 2,092; the median sales price rose 1.7 percent, from $79,900 to $81,250; the average sales price rose 1.5 percent, from $94,769 to $96,212; and the number of days houses were on the market fell 9.8 percent, from 123 to 111.

In Mahoning County, closed sales increased 7.9 percent, from 267 in August 2016 to 288 last month, according to the Youngstown / Columbiana County Association of Realtors.

When comparing last month with July 2016, new listings rose 3.7 percent, from 356 to 369; pending sales rose 30.1 percent, from 266 to 346; the median sales price rose 1.4 percent, from $87,750 to $89,900; the average sales price fell 8 percent, from $122,971 o $113,172; the number of days homes were on the market declined 25.7 percent, from 113 to 84; and inventory was down 24.7 percent, from 1,391 to 1,048.

Year-to-date, closed sales in Mahoning County fell 3.5 percent, from 1,867 in 2016 to 1,802 as of Aug.30. In the same comparison, pending sales rose 2.1 percent, from 1,937 to 1,978; new listings fell 1.1 percent, from 2,705to 2,674; the median sales price rose 3.5 percent, from $85,000 to $88,000; the average sales price rose 2.3 percent, from $110,413 to $112,976; and the number of days houses were on the market fell 15.6 percent, from 122 to 103.

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