What's going on in the real estate market in Trumbull County? Open the attached file (where it says "1 attachment" in the gray bar next to the Share This tool) to view the charts and graphs provided by the Warren Area Board of REALTORS®.
Year over year, as well as year to date statistics show a significant increase in pending and closed sales, with sales prices averaging at around 85% of listing prices. The monthly supply of inventory is at near historic lows when compared all years back to 2004, and stands now at approximately a 9 month supply. Average sales prices show no significant change. Back in 2004 the average sales price was approximately $88,000 compared to the present average of $74,000. It's going to take some time with steady improvement in the market for prices to rise back to the level when many homeowners bought their homes in 2003 to 2006. The good news is that the real estate market is showing improvement! As slow as it may be, at least it's not going in the 'wrong' direction!
| Attachment | Size |
|---|---|
| monthly_indicator_trumbull_2012-02.pdf | 229.66 KB |
- Patty Massare's blog
- Login to post comments
Google+
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. CENTURY 21 Lakeside Realty Is a member of the National Association of REALTORS® Equal Housing Opportunity.