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Warren County Ohio Real Estate For Sale

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

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

513-520-5305
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Warren County Ohio Homes Market Snapshot April 1, 2016

Spring is here and with it the signs we’re eager to see:  blooming flowers, trees leafing out and MORE real estate signs in yards announcing the Spring crop of Warren County Ohio homes for sale!   Will the March stats bear out the typical signs of the Spring market?

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

Number of Homes For Sale 4/1/16:  877 (UP 58 from 819 3/1/16)

Number of Homes Under Contract (Pending) 4/1/16: 552 (UP  76 from 476 3/1/16)

Number of Homes SOLD in March: 245 vs 148 last month (as of  March 1 UP 97)

Average Sales Price: $219,766 vs. February’s $216,952

Average Cumulative Days on Market for SOLD homes:  72 vs 86 in February

Median Sales Price:  $195,000 vs. February’s $185,000

Median Cumulative Days on Market for SOLD homes:  33 vs. 47

Minimum Price Sold:  $22,900

Maximum Price Sold:  $770,000

What are the key takeaways? 

  • This it the kind of month we expected to see as the Spring season kicks into full gear.  MORE sales.  MORE homes under contract.  SHORTER selling times.  And bonus??  Prices went up a bit too!    However, the market still needs MORE new offerings of homes for sale to meet buyer needs.
  • The shrinkage in inventory is good news for the builders as the decrease in resale availability brings more buyers to them. 
  • Sales in the luxury range continue to be more limited, accounting for only 7 of the 245 completed sales.
  • Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale.  Currently the 877 homes for sale include 21 foreclosed homes and 18 short sales.  Of the 245 homes sold in March, 15 were foreclosures and 4 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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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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Warren County Ohio
Real Estate For Sale

513-520-5305 Office

Liz@LizSpear.com

RE/MAX Elite
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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