Wednesday, 25 April 2012

Real-estate market sees positive signs in area

Staff report


The real-estate market appears to be moving forward in Mahoning County as more homes are being sold at a higher median price compared with last year.

Homes within Mahoning County were on the market less time in March 2012 compared with the previous year at a median of 71 days down from 87, but home sellers are receiving a much higher median price of $64,950 for March 2012 compared with $43,450 in the previous year, according to figures from the Youngstown Columbiana Association of Realtors.

The median home size also was slightly higher compared with 2011.

There were 166 homes sold in Mahoning County in March 2012, an increase of 28 from the 138 sold in March 2011.

Trumbull County also showed positive signs. The median home-sale price in the county increased by $26,500 from $43,450 in March 2011 to $69,500 this year.

There was also a larger number of homes sold, with 151 this year compared with 146 last March. Homes did stay on the market a little longer in March 2012 at a median of 112 days. The median wait in March 2011 was 86 days.

In Columbiana County, both the number of homes sold and the median price were down. The median price had decreased by $500 to $67,500 this year. The number of homes sold fell by 21 to 47 homes.

Those homes that did sell were on the market less time, a median of 70 days, compared with 82 in March 2011.


No comments:

Post a Comment