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Warren County Ohio Real Estate News and Observations

Warren County Ohio Real Estate Market Snapshot July 1, 2016

Warren County Ohio real estate snapshotIt may be hard to believe, but we're now in the second half of 2016!  How did Warren County's real estate market close out the first half?  June's performance was very similar to May as far as prices, but more homes completed sale by a sizable amount.  And still over 600 homes are under contract!

Let's take a quick look and see what the June 2016 stats tell us about the 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 7/1/16:  955 (UP  43 from 902 6/1/16)

Number of Homes Under Contract (Pending) 7/1/16: 626 (DOWN  49 from 675 6/1/16)

Number of Homes SOLD in JUNE: 378 vs 306 last month (as of  June 1 UP 72)

Average Sales Price: $249,364 vs. May's $247,271

Average Cumulative Days on Market for SOLD homes:  59 vs 62 in May

Median Sales Price:  $219,250 vs. May's $217,750

Median Cumulative Days on Market for SOLD homes:  15 vs. 15

Minimum Price Sold:  $28,000

Maximum Price Sold:  $920,554

What are the key takeaways? 

  • More homes on the market again, so good to see a wider selection.  However, it can still be pretty tight on inventory in the best communities.  And with about 40% of all homes for sale under contract, we don't see the selection getting significantly bigger.
  • Homes are STILL selling FAST!  15 days continued to be the number that half of all SOLD homes were under contract. 
  • Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale.  Currently the 955 homes for sale include 21 foreclosed homes and 10 short sales.  Of the 368 homes sold in June, 10 were foreclosures and 1 was a short sale. 
  • Bottom line, if you need to sell a home, there's a lack of homes for sale and there's still enough activity to support getting our marketing to work for you.  If you're thinking about buying, inventory is tight.  We're in peak season right now!

Cherry Brook of Mason Ohio

 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

 

REALTORS(S) Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS

William (Bill) Spear, CRS
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

Search Homes:  Http://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 1 commentLiz and Bill Spear • July 01 2016 03:31PM
Warren County Ohio Real Estate Market Snapshot July 1, 2016
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