STAR Housing Stats | September 2024

The STAR September 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 to the September Monthly Indicator Report published by MLS Now, October 11, 2024.

"U.S. existing-home sales slid 2.5% month-over-month and 4.2% year-overyear to a seasonally adjusted annual rate of 3.86 million units, according to the National Association of REALTORS® (NAR). Meanwhile, home prices have continued to reach record heights nationwide, with NAR reporting a median sales price of $416,700 as of last measure, a 3.1% increase from the same time last year and a new high for the month.

New Listings decreased 2.2 percent for Single Family homes but increased 27.0 percent for Townhouse/Condo homes. Pending Sales decreased 23.4 percent for Single Family homes and 19.4 percent for Townhouse/Condo homes. Inventory increased 16.4 percent for Single Family homes and 76.7 percent for Townhouse/Condo homes.

Median Sales Price increased 25.6 percent to $221,000 for Single Family homes and 15.3 percent to $219,000 for Townhouse/Condo homes. Days on Market increased 17.2 percent for Single Family homes but decreased 54.0 percent for Townhouse/Condo homes. Months Supply of Inventory increased 16.7 percent for Single Family homes and 78.6 percent for Townhouse/Condo homes.

Amid slower home sales, inventory has continued to grow across the country. According to NAR, there were 1.35 million units for sale heading into September, a 0.7% increase from the previous month and a 22.7% jump from the same time last year. And while monthly existing-home sales were lower than expected this period, NAR Chief Economist Lawrence Yun believes that the rise in inventory, along with lower mortgage rates, should help sales improve in the months ahead." 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 September 2023 vs. September 2024.