Warren County Ohio Real Estate Market Snapshot July 1, 2015
The fireworks are ready to go BOOM and the local Warren County real estate market is exploding too! More homes sold, sold faster, and for MORE money! It's the summer surge as buyers scurry to get their new home and settled before fall.
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 7/1/15: 1066 (UP 19 from 1047 6/1/15)
Number of Homes Under Contract (Pending) 7/1/15: 564 (DOWN 50 from 614 6/1/15)
Number of Homes SOLD in June: 372 vs 322 last month (as of June 1) UP 50
Average Sales Price: $265,370 vs. May's $239,567
Average Cumulative Days on Market for SOLD homes: 67 vs 77 in May
Median Sales Price: $219,950 vs. May's $194,950
Median Cumulative Days on Market for SOLD homes: 20 vs. 26
Minimum Price Sold: $29,300
Maximum Price Sold: $1,500,000
What are the key takeaways?
- The market is HOTT! Pretty much every stat is in a POSITIVE direction (especially if you're a seller!). Prices are higher, time to sell is less, and the number of homes sold is the highest of the year. What we need right now on the market? MORE homes for buyers to choose!
- And as you can tell, there's a HUGE difference within Warren County when you look at the range from the lowest price home sold to the highest price home sold!
- Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale. Currently the 1066 homes for sale include 29 foreclosed homes and 15 short sales. Of the 372 homes sold in May, 17 were foreclosures and none 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:
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