Mahoning Valley Housing Market Trends

Columbiana County Real Estate Market Indicators April 2012

The Columbiana County real estate market has shown some significant improvement for the first four months of 2012.

Pending sales are up 21.4% year-to-date compared to the same period in 2011, and closed sales are up 20.4%.  The average sales price of $82,866 is up 7.3% and the median sales price of $67,400, is also up 2.1%.

The current inventory of homes for sale is at a 9.4 months' supply, down from a 12.9 months' supply in April of 2011.

The sharp increase in pending sales is the highest number we have seen since 2007 before the real estate decline really hit us here in Northeast Ohio. This is a welcome change and good news for homeowners in Columbiana County.

To see a complete report with charts and graphs dating back to 2004, click on '1 Attachment' in the gray bar below this blog post.

Columbiana County Real Estate Market Indicators Feb 2012

Market Indicators through February 2012 show some real improvement in the housing market in Columbiana County.  To see all the graphs and bar charts, click on the attached Market Report courtesy of the Youngstown-Columbiana Board of REALTORS® (click on '1 attachment' in the gray bar below this post).

Pending sales are up slightly and closed sales are up significantly, 52.9% year to date 2012 vs 2011.  The average sales price is up 22% year to date, and sellers are getting an average of 86% of their asking price.  Inventory of available homes is down to an 8.5 months supply vs an 11 months supply in February 2011.  These are all good signs that we are headed in the right direction!

June 2011 Columbiana County Real Estate Market Indicators

Key Indicators for the overall real estate market in Columbiana County show that based on current sales activity there were 12.6 months of housing supply listed in the MLS at the end of&n

March 2011 Mahoning & Columbiana County Market Report

The graphs associated with our real estate market indicators are truly akin to a 'roller coaster ride'.  Looking at short-term changes in the market are not predictors of what will hap