Warren County Ohio Real Estate News and Observations: Warren County Ohio Real Estate Market Snapshot April 1 2018

Warren County Ohio Real Estate Market Snapshot April 1 2018

 

Warren County Ohio real estate snapshotWe hope you had a Happy Easter!  Our daffodils are blooming, shrubs are starting to bud and we know more flowers are on the way.  Oh...and the forecast is for snow tonight!  Welcome to Ohio!

We're heading to the time of year when the Spring market starts to arrive.  We've got a new listing on the market tomorrow, talked to another seller this weekend for a later listing. 

What do the stats have to tell us about the Warren County Ohio real estate market?  

Stick with us for a quick overview of this month's stats and come back later this month to read our assessments of Mason, Lebanon, Springboro, Maineville/Hamilton Township & Morrow.  


Warren County Residential Sales Summary (single family homes & condos):

Number of Homes For Sale 4/1/2018:  596 (UP  24 from 572 3/1/18)

Number of Homes Under Contract (Pending) 4/1/18: 508 (UP 162 from 346 3/1/18)

Number of Homes SOLD in March: 244 vs 170 last month (as of  March 1 UP 74)

Average Sales Price: $258,506 vs.February's $243,473

Average Cumulative Days on Market for SOLD homes:  60 vs 72 in February

Median Sales Price:  $232,250 vs. February's $219,500

Median Cumulative Days on Market for SOLD homes:  15 vs. 38

Minimum Price Sold:  $31,500

Maximum Price Sold:  $921,500

What are the key takeaways? 

  • Key stat?  The huge jump in homes under contract!  Obviously the buyers are out and buying. 
  • The homes for sale increased slightly net month to month, but the new contracts consumed most of the extra. 
  • Prices increased relative to February.
  • 13 luxury homes sold ($500,000 or more in price).    
  • New construction entered in MLS and sold was 18 homes, and those are just the ones reported in Cincinnati MLS.  Made to order homes are often not reported.  New construction accounts for 174 of the 596 homes listed in MLS and NOT under contract.
  • Distressed (short sales and foreclosures) continued to be minimal this month with 6 foreclosures and no short sales in the 244 sold homes.  Currently the 596 homes for sale include 6 foreclosed homes and 2 short sales. 

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

 

Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

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

MailTo:  Liz@LizSpear.com

Search Homes:  Http://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 1 commentLiz and Bill Spear • April 02 2018 12:24AM

Comments

Thank you for the market update in your real estate area. 

Posted by Joyce Marsh, Daytona Beach Florida, Proudly Selling Florida Homes and Lifestyles (Joyce Marsh at Premier Sotheby’s International Realty) 6 months ago

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