Warren County Ohio Real Estate Market Snapshot February 1, 2015
Tomorrow that rodent in Pennsylvania makes his prediction, but I think most of us are ready to move on from the cold and go straight to complaining about how hot it is! At least the latest snowstorm predicted for this weekend skipped right past us!
In honor of this evening's football game, we're about to kick off our monthly market review for Warren County Ohio!
Stay with us for a top line review of last month's Warren County Ohio residential home market.
Come back later this month (starting around the 5th) for the start of our detailed market reports for Mason, Lebanon, Springboro, Maineville/Hamilton Township & Morrow. By then all the month end transactions should be accounted for.
Warren County Residential Sales Summary (single family homes & condos):
Number of Homes For Sale 2/1/15: 925 (DOWN 3 from 928 1/1/15)
Number of Homes Under Contract (Pending) 2/1/15: 300 (UP 20 from 280 1/1/15)
Number of Homes SOLD in December: 142 vs 197 last month (as of January 1) DOWN 55
Average Sales Price: $226,333 vs. December's $230,421
Average Cumulative Days on Market for SOLD homes: 105 vs 86
Median Sales Price: $167,500 vs. December's $198,000
Median Cumulative Days on Market for SOLD homes: 77 vs. 49
Minimum Price Sold: $12,000
Maximum Price Sold: $1,479,000
What are the key takeaways?
- The number of homes not under contract was essentially even. The number of homes under contract went up. This matches our personal observation that buyers are picking 2015 as the time to buy a home. While fewer home sales completed in January, that's more a reflection of a bit less looking in December (mostly due to the holiday season).
- Time on market increased, but that jives with the decrease in buyers shopping in December. A bit less looking means more time on market.
- Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale, and their involvement in the market continues to be minimal. The 925 homes for sale include 29 foreclosed homes and 287short sales. Of the 142 homes sold in November, 17 were foreclosures and 4 were short sales.
Visit our www.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
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
Direct #2: 513-265-3004
Our Website: www.LizTour.com
OUR SERVICE AREA:
View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map