Warren County Ohio Real Estate Market Snapshot August 1, 2015
Hard to believe maybe, but Summer is already winding down, school starts in 2-3 weeks and with it the housing activity starts to decline most years. And the initial look at Warren County's housing market indicates this year is following the typical pattern. Fewer homes sold in July than June, prices declined a bit, fewer homes under contract, etc.
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 8/1/15: 1103 (UP 37 from 1066 7/1/15)
Number of Homes Under Contract (Pending) 8/1/15: 543 (DOWN 21 from 564 7/1/15)
Number of Homes SOLD in July: 304 vs 372 last month (as of July 1) DOWN 68
Average Sales Price: $239,117 vs. June's $265,370
Average Cumulative Days on Market for SOLD homes: 68 vs 67 in June
Median Sales Price: $199,150 vs. June's $219,950
Median Cumulative Days on Market for SOLD homes: 29 vs. 20
Minimum Price Sold: $20,000
Maximum Price Sold: $1,100,000
What are the key takeaways?
- The market has cooled a bit. Most stats have reversed course from June's ALL positive approach to a bit more of a mixed message. The number of homes sold and under contract both dropped, as did average and median prices. For the most part, time to sell did not move much.
- 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 1103 homes for sale include 25 foreclosed homes and 15 short sales. Of the 304 homes sold in July, 18 were foreclosures and five 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
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