Mahoning County Housing Market Trends

Mahoning County Real Estate Market Statistics Jan. 2014

January 2014 real estate market numbers for Mahoning County, looking over the past 12 months, show little change from the previous 12-month period.

The most significant factor affecting the local market is low inventories.  The number of homes for buyers to choose from is at 10-year historic lows.

To read the full report with all the graphs, provided courtesy of the Youngstown-Columbiana Association of REALTORS®, click on the attachment link below this post. 

Mahoning County Market Watch Report June 2013

Real estate agents are pretty busy these days as the real estate market in Mahoning County continues to improve.  Some meaningful statistics from the Monthly Market Indicators report, comparing year-to-date June 2013 to June 2012:

  • Pendings + 11.4%
  • Closings + 14.4%
  • Days on Market went down from 150 days in June 2012 to 119 in June 2013, a 20.8% decrease
  • Median Sales Price + 5.1%
  • Average Sales Price + 6.1%, from $94,996 in June 2012 to $100,794 in June 2013.  It's been a while since our average sale price exceeded the $100K mark
  • Inventories remain low, with only a 7 month supply of homes currently on the market

To read the full report, click on the attachment link below this post.  

Report provided by the Youngstown Columbiana Association of REALTORS®.

Mahoning County Market Indicators March 2013

What does the real estate market look like in Mahoning County for the first quarter of 2013 compared to the first quarter of 2012?

  • Pending Sales are UP 10%
  • Closed Sales are UP 17%
  • Median Sales Prices UP 17%
  • Average Sales Prices UP 14%

It is taking less time, on average, to get homes sold . . . down to 120 days from 147 days. 

Mahoning County Real Estate Market Indicators November 2012

What's Up?  Pending Sales, Closed Sales, Median and Average Sales Prices . . . the upward trend continues!

What's Down?  Days on Market . . . a good thing. 

What about available inventory?  We have only 8.4 months supply of available homes, down 24.8% from 11.2 months in November of 2011.  Low inventory levels continue to provide a challenge to the ready, willing and able buyers out there. 

Ready to sell your home?  Get geared up now to put your house on the market right after the holiday.  Take advantage of the fact that pre-approved buyers are waiting in the wings for the right property to become available.

Contact Us for a complimentary market analysis to learn the current value of your home. 

 

Click on the Attachment link below to view the full November 2012 Market Indicators report provided by the Youngstown-Columbiana Association of REALTORS®.

Mahoning County Real Estate Market Indicators July 2012

Continued good news for the greater Youngstown area real estate market. 

Year-to-date real estate market statistics for Mahoning County show:

  • Pending Sales  +24%
  • Closed Sales  +17.7%
  • Median Sales Price  +5.5%

The only bad news is that inventory is low . . . which means buyers don't have a lot of choices.  Homeowners are still not selling unless they need to . . . for various reasons . . . but mostly because they have less equity in their homes.  However, if you do want to sell your home it's a great time.  Buyers are lining up in certain price ranges and just waiting for the right home to come on the market. 

We are experiencing multiple offers on properties that are priced close to market value.

To find out what your home is worth in today's market, Contact Us.  We will provide you with an expert evaluation of your property and recommendations on preparing and staging your home to get the most value from what you own.

Click on the Attachment link in the gray bar below this post to view the entire Market Indicators report, which is courtesy of Youngstown-Columbiana Association of REALTORS®.