Warren County Ohio Real Estate News and Observations: Warren County Ohio Real Estate Market Snapshot August 1, 2019

Warren County Ohio Real Estate Market Snapshot August 1, 2019

Warren County Ohio real estate snapshotWarren County Ohio home sales maintained a similar level from June to July.  Close to the same for houses for sale and under contract, and prices are still solid.   

Stick around for a top level overview!

   

  

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 8/1/2019:  683 (DOWN 2 from 685 7/1/19)

Number of Homes Under Contract (Pending) 8/1/19: 462 (DOWN 5 from 467 7/1/19)

Number of Homes SOLD in July: 324 vs 307 last month (as of  July 1) UP 17

Average Sales Price: $301,308 vs. June's $317,490

Average Cumulative Days on Market for SOLD homes:  39 vs 56 in June

Median Sales Price:  $260,000 vs. June's $270,000

Median Cumulative Days on Market for SOLD homes: 11 vs. 9

Minimum Price Sold:  $45,000

Maximum Price Sold:  $1,711,506

What are the key takeaways? 

  • For the most part, very flat from June to July.  Almost the same number of homes for sale and almost the same under contract.
  • On the more positive side, the average time to sell dropped and the number of homes sold actually increased from June to July. 
  • Prices are down a bit from June to July, but not a significant amount. 
  • Out of the 324 homes sold, 3 sold for more than 1 million and 27 total sold for $500,000 or more (the local definition of luxury market homes).
  • All that said, there's a lot of "hidden" sales going on thanks to new construction.  The majority of those sales are never entered in MLS and don't show up in the stats.  New construction accounted for 26 of the 324 reported.
  • The other big contributor is the scarcity of resale homes for sale in Warren County.  With 186 of the 683 homes listed for sale as new construction, that leaves 497 resale homes.  That's condos, single family, farms, EVERYTHING.  That's just tough for buyers to find the right home.
  • Distressed (short sales and foreclosures) accounted for 1 sale this month with 1 foreclosure and no short sales in the 324 sold homes.  Currently the 683 homes for sale include 5 foreclosed homes and 6 short sale. 

 

Cherry Brook of Mason Ohio

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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:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 1 commentLiz and Bill Spear • August 02 2019 02:52AM

Comments

Good morning Bill. Looking good in your area. Enjoy your day 

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 2 months ago

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