Tribune Chronicle
Trumbull County home sales in August nearly hit their highest level of the year, but the median price sank to one of its lowest points, according to a report released Monday.
A total of 151 dwellings were sold in the month, second only to 152 in May for the year and much better than 110 in July, third-lowest of the year, the Youngstown Columbiana Association of Realtors reported. It also exceeded the 140 units in August 2010.
A total of 1,016 houses have been sold through the first eight months of the year compared to 1,097 at the same time last year.
The median, or midpoint, total days the houses spent on the market dropped to 90, the second-fastest sales pace to 58 days in July.
But the median price slumped to $56,199 versus $58,000 a year ago and $76,500 in July. Only March at $42,900 and January at $49,500 had lower numbers.
In Mahoning County, unit sales of 167 surpassed the year-ago total of 155 but fell short of 171 in July. The median price dipped to $63,000 from $65,000 a year ago and $70,000 in July.
House sales year-to-date stands at 1,183 versus 1,227 a year ago.
Houses spent a total of 83 days to sell versus 91 a year ago and 92 in July.