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Warren County Ohio Real Estate News and Observations

Warren County Ohio Real Estate Market Snapshot September 1, 2015

Warren County Ohio Real Estate Market Snapshot September 1, 2015 

August just flew by!  Schools are back in session, some days are actually COOL instead of hot and humid, it's subtle but you can feel the change coming!  And the same holds true for the local real estate market!  We're starting the annual slow down in activity.  By no means is the market going into hibernation, but it's SLIGHTLY down.  A few less sales, a few less homes for sale.  It's normal for this time of year.  Overall, for the most part August activity matched July, just in a little less quantity.

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 9/1/15:  1068 (DOWN 35 from 1103 8/1/15)

Number of Homes Under Contract (Pending) 9/1/15: 473 (DOWN  70 from 543 8/1/15)

Number of Homes SOLD in August: 298 vs 304 last month (as of  August 1)  DOWN 6

Average Sales Price: $241,611 vs. July's $239,117

Average Cumulative Days on Market for SOLD homes:  64 vs 68 in July

Median Sales Price:  $206,500 vs. July's $199,150

Median Cumulative Days on Market for SOLD homes:  28 vs. 29

Minimum Price Sold:  $24,100

Maximum Price Sold:  $920,000

What are the key takeaways? 

  • The market has cooled slightly and the biggest indicator for that is the drop in homes under contract.  473 is still a lot of homes under contract, but it doesn't match up with July's 543.  That's still basically 1 of every 3 homes for sale is currently under contract.
  • On the other hand, prices and times to sell stayed almost constant.  
  • And as usual, there's a HUGE difference within Warren County from the cheapest home to the most expensive home!
  • Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale.  Currently the 1068 homes for sale include 33 foreclosed homes and 15 short sales.  Of the 298 homes sold in August, 10 were foreclosures and 5 were short sales. 
  • Bottom line, it's STILL a good time to sell your home or look for one to buy.

Cherry Brook of Mason Ohio

 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!

EHO Two locations: Lebanon & Mason, OH
Direct:  513-520-5305
Direct #2: 513-265-3004     
Fax: 866-302-8418

MailTo:  LizSpear@Go-Concepts.com

Our Website:  www.LizTour.com

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Warren County Ohio Real Estate Market Snapshot September 1, 2015
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