STAR Housing Stats | December 2024

The STAR December 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 November Monthly Indicator Report published by MLS Now, January 11, 2025.

"U.S. existing-home sales improved for the second consecutive month, rising 4.8% to a seasonally adjusted annual rate of 4.15 million units, an eight-month high, according to the National Association of REALTORS® (NAR). Sales were up 6.1% compared to the same time last year, marking the largest year-over-year increase since June 2021. Economists had forecast existing-home sales would come in at an annual rate of 4.07 million units for the month.

New Listings increased 2.8 percent for Single Family homes but remained f lat for Townhouse/Condo homes. Pending Sales decreased 24.8 percent for Single Family homes but increased 25.0 percent for Townhouse/Condo homes. Inventory increased 11.5 percent for Single Family homes and 46.8 percent for Townhouse/Condo homes.

Median Sales Price increased 15.6 percent to $185,000 for Single Family homes and 11.1 percent to $222,250 for Townhouse/Condo homes. Days on Market increased 5.1 percent for Single Family homes and 25.7 percent for Townhouse/Condo homes. Months Supply of Inventory increased 11.8 percent for Single Family homes and 37.5 percent for Townhouse/Condo homes.

Total housing inventory stood at 1.33 million units heading into December, a 2.9% decrease from the previous month but a 17.7% increase year-overyear, for a 3.8-month supply at the current sales pace. Inventory remains below the 5 – 6 months’ supply of a balanced market, and the limited number of homes for sale continues to put upward pressure on sales prices nationwide, with NAR reporting a median existing-home price of $406,100, a 4.7% increase from one year earlier." 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 December 2023 vs. December 2024.