Youngstown, OH - Local Housing Data - Summary

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Youngstown, Warren, Boardman, OH, PA

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Youngstown, OH Local News

  • Youngstown, OH - March 2014 - New Home Closings Figures Climb

    New home sales rose year-over-year in Youngstown, OH in March. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 5.7% percentage points. Mortgage amounts on new homes moved up, rising 57.0%.

  • Youngstown, OH - February 2014 - Figures for New Home Closings Remain Level

    New home sales remained steady from a year ago in Youngstown, OH in February. The percentage of new home closings belonging to single family homes rose, climbing 33.3% percentage points. Average prices of new and existing homes moved up, rising 3.3%. Mortgage amounts on new homes dropped 73.6%. The...

  • Youngstown, OH - January 2014 - Figures for New Home Closings Remain Level

    New home sales remained level from a year ago in Youngstown, OH in January. Mortgage amounts on new homes moved up, rising 208.8%. The percentage of new home closings belonging to single family homes rose, climbing 66.7% percentage points. The percentage of new home closings belonging to attached...

Freshest Numbers Show New Home Sales Drop in Youngstown

Posted on: Aug 08, 2014 11:57:58 AM

Closings of new homes in the Youngstown, OH market dropped year-over-year in April, dropping after staying level in March. Closings stood at 0 in April after being 2 a year earlier and remaining unchanged at 0 in March from a year earlier. New home closings moved from 2 a year earlier to none after the figure moved from none in March 2013 to none in March 2014.

None of the 594 total closings were new home closings, a shift on a percentage basis from 2 out of 659 a year earlier. After rising year-over-year in March, closings of new and existing homes dropped year-over-year in April.

Other Market Trends

Foreclosures and real estate owned (REO) closings decreased in April from a year earlier, but remained a drag on the market. Combined, foreclosures plus REO closings accounted for 40.1% of existing home closings, below 47.3% a year earlier. The percentage of existing home closings involving foreclosures declined to 21.7% in April from 24.5% a year earlier while REO closings as a percentage of existing home closings slid to 18.4% from 22.8% a year earlier.

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