‘It is still a great time to be buying properties’ ...Middle East

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‘It is still a great time to be buying properties’

2025 was a strong year for the housing market as numbers grew across all facets.

According to statewide housing data from Ohio Realtors, the state’s largest professional trade organization for the real estate industry, statewide home sales reached 10,075 in December 2025, marking a 6.9% increase from the 9,420 homes sold in December 2024.

    The median sales price across Ohio climbed to $250,000, up 2% from $245,000 the previous year.

    The state also ended the year with a greater housing supply, 2.69 months — the rate at which the market would sell at under 2.7 months — a 1.1% increase from 2024.

    MAHONING COUNTY

    Across county lines, Teresa Berick, president of the Youngstown Columbiana Association of Realtors for 2026, said that while there’s still an inventory shortage, 2025 was better than most assumed it would be — resulting in anticipation for the new year.

    Berick said that with property values consistently increasing over the last several years and homeowners building up equity in their dwellings, home ownership is still a good investment.

    “It is still a great time to be buying properties, you know, getting into the market, purchasing a house, and even for investors, it’s a good time for investors to get into the market and those who flip or can do the jobs themselves,” Berick said. “The return on what you’re putting in and what you’re buying for is still a very good return for them.”

    Berick, who co-owns of Century 21 Lakeside Realty alongside her husband, George, said interest rates dropping around December caused their agents to be very busy through the month and into January ahead of the spring push.

    George said he’s encouraging buyers not to wait until spring, because of the early rush they’re already seeing.

    “These interest rates, just like she says, is spearheading this, and we’re telling people, ‘Don’t wait till spring, go now,’ because spring brings competition, which will raise the prices,” George said. “There’s still a shortage; we’re never going to be out of the shortage, no matter what people say in this region.”

    “We’re underbuilt; we’re millions of houses behind nationally. Some of these areas, like southern Florida, they’re overbuilt, and now they can’t prove butts in them,” George said. Here, we’re not going to build, and they’re not building properties, unfortunately; I keep trying to build properties that are in our economic bracket. Our economic bracket is $190,000 average sale price.”

    TRUMBULL COUNTY

    The county’s market reflects the statewide market, something that Emily Levitt, president of the Stark Trumbull Association of Realtors for 2026, is more than aware of.

    “The Trumbull County market is stable, competitive and resilient, even after a period of adjustment. We’re no longer in the frenzy of 2021 to 2022 — but we are also far from a slowdown,” Levitt said. “Well-priced homes are still moving, especially in desirable neighborhoods and price points under the county median.”

    Levitt said the market’s current state is being shaped by tight inventory, particularly in move-in-ready homes, price sensitivity due to interest rates and smarter, more strategic sellers.

    Buyers are also taking more time and shopping more diligently, she added.

    Levitt said interest rates have only shifted buyer behavior instead of eliminating demand, as they’re shopping more carefully, looking at smaller homes or neighborhoods and asking questions about monthly payments and affordability.

    “What’s important locally is that our price points are still accessible compared to many Ohio and national markets, which has helped sustain demand,” Levitt said.

    Levitt said the market sits balanced, slightly leaning toward sellers depending on price and condition, as sellers still have leverage in well-priced, well-maintained homes and buyers have more negotiating power than they did a few years ago.

    “Prices have largely stabilized, with modest appreciation in some areas. We’re not seeing dramatic spikes, but we are also not seeing significant declines,” Levitt said. “This stability is driven by limited housing supply, continued buyer demand and strong local employment and community ties.”

    Levitt noted certain communities have seen the most growth and appreciation, with strong interest appearing in walkable communities, areas with updated housing stock and neighborhoods close to workplaces or schools.

    Despite the state ending the year with a stronger housing supply, Levitt said inventory remains below historical norms — especially compared to pre-pandemic levels, and for affordable homes.

    Jason Altobelli, a land developer and owner of Altobelli Real Estate in Niles, deemed 2025’s market to be “almost transitional.”

    “You sort of see inventory still being short, but days on the market get longer,” Altobelli said. “Prices kind of plateaued, so whether that’s good or bad, it all depends on what perspective you’re coming from.”

    Altobelli said the housing market was still active, but slowed down from the frenzy-like state it previously took on.

    “Multiple offers over asking price, people chasing houses, chasing prices high — that kind of tapered off,” Altobelli said. “Instead of having multiple offers over asking price, you might have had multiple offers at or below price — it sort of normalized.”

    “There was a time, ’25, ’24, maybe? For 24 months, you’d have four, five, six offers over asking price. That was the height of the hysteria.”

    Altobelli said he expects 2026 to be less of a change but a carryover of where things were at last year, adding that there are rumblings and expectations of lower interest rates affecting things.

    “When you look at 6% interest rates — historically speaking. that’s a good rate when you look at it; we got spoiled at 2.5 to 3%,” Altobelli said. “I’m not an economist by any means, but I don’t see those rates returning in the near term.”

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