Warren County Ohio Real Estate Market Snapshot November 2013 Summary
Hear the sleigh bells ringing? That's because we just closed the books on November for Warren County Ohio's residential real estate market. Shocking that we're already into the last month of 2013! We've got the preliminary stats for November for the Warren County real estate market. Will the Warren County market exhibit the typical slowdown for this time of year?
Come back later this week (starting around the 5th) for the start of our detailed market reports for Mason, Lebanon, Springboro, Maineville/Hamilton Township & Morrow.
Of course the data is preliminary since not all contracts and closings will be recorded in Cincinnati MLS until early next week, and with the Thanksgiving Day long weekend there may be a bit more lag than usual. And thanks to the holiday weekend also fewer business days in November to complete sales.
Warren County Residential Home Sales Summary:
Number of Homes For Sale 11/1/13: 1052 (DOWN 103 from 1155 11/1/13)
Number of Homes Under Contract (Pending) 11/1/13: 347 (DOWN 14 from 361 11/1/13)
Number of Homes SOLD in October: 170 vs 209 last month (as of Nov. 1)
Average Sales Price: $217,068 vs. October's $211,949
Average Cumulative Days on Market for SOLD homes: 93 vs 75
Median Sales Price: $178,250 vs. October's $170,000
Median Cumulative Days on Market for SOLD homes: 53 vs. 43
Minimum Price Sold: $15,000
Maximum Price Sold: $1,650,000
What are the key takeaways?
- A pretty significant drop in homes for sale, typical for this time of year when a fair number of home sellers decide to take a break until after the holidays.
- Prices held increased slightly.
- Days on market increased (also typical for this time of year)
- There are still plenty of homes under contract.
Overall not a bad month, especially considering the time of year.
Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale. The 1052 for sale includes 50 foreclosed homes and 50 short sales. Of the 170 homes sold in November, 19 were foreclosures and 4 were short sales.
Visit our www.WarrenCountyOhioRealEstate.com website for full search capability without registration requirements.
For an in depth analysis of YOUR particular neighborhood and home, call us at 513-265-3004 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
REALTORS(S) Serving Warren County Ohio & Adjacent Areas
The Liz Spear Team of RE/MAX Elite
Elizabeth & William Spear
Ask for us by name if you visit the office!
Two locations: Lebanon & Mason, OH
Liz direct: 513-265-3004
Bill direct: 513-520-5305
Our Website: www.LizTour.com
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