Can you believe 75% of 2018 is already over? How did the Warren County real estate market perform in closing out the 3rd quarter? We know this is the normal time of year for the local market to start to slow, so let's see if that's what actually happened!
What do the stats have to tell us about the Warren County Ohio real estate market?
Stick with us for a quick overview of this month's stats and come back later this month to read our assessments of Mason, Lebanon, Springboro, Maineville/Hamilton Township & Morrow.
Warren County Residential Sales Summary (single family homes & condos):
Number of Homes For Sale 10/1/2018: 746 (DOWN 48 from 750 9/1/18)
Number of Homes Under Contract (Pending) 10/1/18: 391 (DOWN 36 from 427 9/1/18)
Number of Homes SOLD in September: 242 vs 286 last month (as of October 1 DOWN 44)
Average Sales Price: $258,710 vs. August's $276,922
Average Cumulative Days on Market for SOLD homes: 364 vs 34 in August
Median Sales Price: $216,000 vs. August's $234,950
Median Cumulative Days on Market for SOLD homes: 13 vs. 11
Minimum Price Sold: $58,500
Maximum Price Sold: $1,750,000
What are the key takeaways?
- In the "not a surprise" category, the market is slower in September than August. Fewer homes for sale, fewer under contract, fewer sold. All to be expected for this time of year. There will STILL be many homes sold before the end of this year.
- Time to sell is still quick, staying under 2 weeks from market to contract for half the homes under contract.
- 15 homes sold in the luxury category ($500,000 or more).
New construction entered in MLS and sold was 8 homes, and those are just the ones reported in Cincinnati MLS. Made to order homes are often not reported. New construction accounts for 199 of the 746 homes listed in MLS and NOT under contract.
- Distressed (short sales and foreclosures) continued to be minimal this month with 6 foreclosures and 2 short sales in the 242 sold homes. Currently the 746 homes for sale include 5 foreclosed homes and 1 short sale.
Visit our WarrenCountyOhioRealEstate.com website for full search capability without registration requirements.
Still have questions about the local real estate market or want an in depth analysis of YOUR particular neighborhood and home? Call us at 513-520-5305 or email at Liz@LizSpear.com. No hassle, no pressure. Whether you want to go on the Warren County market tomorrow, or next year, there's value in knowing your specific options.
Serving Warren County's residential real estate needs,
Liz and Bill aka BLiz
Serving Warren County Ohio & Adjacent Areas
The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747
William (Bill) Spear, CRS, Ohio License SAL.2004011109 Kentucky 77938
Ask for us by name if you visit the office!
Two locations: Lebanon & Mason, OH
Bill Direct: 513-520-5305
Liz Direct: 513-265-3004
Search Homes: Http://WarrenCountyOhioRealEstate.com
Our Website: www.LizTour.com
OUR SERVICE AREA:
View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map