June Home Sales Show 10% Gain in 3 Counties
YOUNGSTOWN, Ohio -- The combined dollar volume of homes sold in Mahoning, Trumbull and Columbiana counties and the number of homes sold in June were each up about 10% from a year earlier, newly released sales figures show.
Monthly reports provided by the Youngstown Columbiana Association of Realtors showed 450 homes were sold in the three counties in June, up from 411 units in June 2012 although down from the 470 sold in May. In terms of dollar volume, the three counties combined for a total $45.1 million in sales for June, up from $40.9 million a year earlier and beating May’s $43.9 million in sales.
In Mahoning County, 230 homes were sold in June, up from the 205 sold a year earlier but down slightly from the 239 sold in May. In Trumbull County, 158 homes were sold in June, up from 146 units sold in June 2012 but also down slightly from the 161 sold in May. Columbiana County’s June sales of 62 were down three from the 65 a year earlier but up two from the 60 sold in May.
Mahoning County’s June sales of $25.4 million represented more than half of the three counties’ combined sales, and were up from the $23.6 million in sales a year earlier as well as the $23.6 million in May. Trumbull County’s $13.7 million in June sales was up from the $11.9 million in June 2012 although down from May’s $14.5 million. Columbiana County’s $6.1 million in sales last month was up from both the $5.5 million a year earlier and from the $5.9 million in May.
The average June sale price in Mahoning County was $110,187, up from May’s $98,498 but down from $115,006 in June 2012. Columbiana’s average price last month of $97,671 was up slightly from $97,381 a month earlier and more substantially from June 2012’s $84,582. Trumbull County’s June $86,528 average sale price was up from $81,157 a year earlier but down from $90,194 in May.
The sale price of the most expensive house sold in Mahoning County last month was more than 1,100 times the price of the lowest, $1.4 million versus $1,200. In Trumbull County the ratio was closer; the sale price of the most expensive home sold, $525,000, was just 105 times the price of the lowest, $5,000. In Columbiana County, June’s priciest home sold for $271,000, just 30 times the price of the least expensive, $9,000.
Published by The Business Journal, Youngstown, Ohio.
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