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Warren County Ohio Real Estate For Sale

The Liz Spear Team of RE/MAX Alliance Serving Cincinnati to South Dayton

Elizabeth & William Spear, REALTOR®
RE/MAX Alliance Serving Cincinnati to South Dayton

513-520-5305
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Warren County Ohio Real Estate Market Snapshot February 1, 2016

A quick snapshot of the Warren County market
A quick snapshot of the Warren County market

The first month of 2016 is in the books and the real estate market has been more active than the norm for the cold months of winter.  We’re seeing some of the best homes go under contract quickly despite this being the “slow” time of year.  

Let’s take a quick look and see what the January stats tell us about the Warren County Ohio residential home market.

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

Number of Homes For Sale 2/1/16:  843 (DOWN 1 from 844 1/1/16)

Number of Homes Under Contract (Pending) 2/1/16: 362 (UP  62 from 300 1/1/16)

Number of Homes SOLD in January: 129 vs 214 last month (as of  January 1 DOWN 85)

Average Sales Price: $210,005 vs. December’s $235,949

Average Cumulative Days on Market for SOLD homes:  78 vs 92 in December

Median Sales Price:  $183,500 vs. December’s $195,000

Median Cumulative Days on Market for SOLD homes:  41 vs. 43

Minimum Price Sold:  $15,000

Maximum Price Sold:  $485,000

What are the key takeaways? 

  • Obviously sales volume dropped HEAVILY in January, but that’s a typical drop for this time of year.  December is more family time and less house hunting time.  The fact that Pending (homes under contract) is now up to 362 homes indicates that January’s sales totals are just a momentary drop.
  • The market needs MORE homes for sale!  843 homes not under contract spread across the entire county and all price points just doesn’t provide the buyers enough in some key county markets.  New construction is still busy though!
  • Not much for sales on the upper end in January, thus the drops in price for average and median.  
  • Time to sell actually decreased!
  • Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale.  Currently the 843 homes for sale include 33 foreclosed homes and 19 short sales.  Of the 129 homes sold in January, 4 were foreclosures and none were short sales. 
  • 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.  Spring is coming soon!

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.

Liz and Bill aka BLiz

Posted in: Market Reports

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Warren County Ohio
Real Estate For Sale

513-520-5305 Office

Liz@LizSpear.com

RE/MAX Alliance
5720 Gateway Blvd, Suite 203
Mason, OH 45040

Liz License SAL.2002007747
Bill License SAL.2004011109

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Search Smarter!

Did you know the hottest homes for sale in Warren County often sell within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

Join Deal Alert

As local Warren County Real Estate Agents we also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact us at your convenience. There is no obligation and or pressure... we hope to hear from you!

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