STAR Housing Stats | April 2024

The STAR April Housing Stats are now available for you to review and/or share. The images below represent a Single-Family & TownHome Listing Analysis of Stark, Trumbull, & Carroll Counties.

According March to the Monthly Indicator Report published by MLS Now, May11, 2024.

"U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month-over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. Average 30-year mortgage rates have topped 7% in recent weeks, while the median existing-home sales price hit $393,500 as of last measure, a 4.8% increase from the previous month, according to NAR.

New Listings increased 12.0 percent for Single Family homes but decreased 13.5 percent for Townhouse/Condo homes. Pending Sales decreased 4.2 percent for Single Family homes and 30.8 percent for Townhouse/Condo homes. Inventory increased 12.1 percent for Single Family homes and 22.5 percent for Townhouse/Condo homes.

Median Sales Price increased 12.9 percent to $190,000 for Single Family homes but decreased 6.2 percent to $190,000 for Townhouse/Condo homes. Days on Market decreased 10.0 percent for Single Family homes but increased 100.0 percent for Townhouse/Condo homes. Months Supply of Inventory increased 27.3 percent for Single Family homes and 30.8 percent for Townhouse/Condo homes.

Warmer temperatures appear to have helped bring some sellers back to the market, providing additional options to home shoppers during the spring buying season. Total inventory was up 4.7% month-over-month and 14.4% year-over-year, for a 3.2 months’ supply at the current sales pace, according to NAR. Nevertheless, demand continues to outpace supply and properties are selling quickly, with the typical home spending 33 days on market nationwide, down from 38 days the month before." CLICK HERE to download the complete Monthly Indicator Report

Quick Facts

Residential activity in Carroll, Stark, and Trumbull counties combined composed of single family and townhouse/condo properties. Percent changes are calculated using rounded figures. Comparison April 2023 vs. April 2024.