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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 July 2014

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

It’s been an unusual summer.  The weather cooler than the norm.  We’re within 2-3 weeks of the kids going back to school.  Hard to believe, but it seems like summer is winding down.  Typically in our market as summer winds down, the real estate market starts to slow down too.  Did that hold true for the Warren County Ohio real estate market?   Stay with us for a top line review of the July 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.   


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

Number of Homes For Sale 8/1/14:  1228 (UP 50 from 1178 7/1/14)

Number of Homes Under Contract (Pending) 8/1/14: 480 (DOWN 49 from 529 7/1/14)

Number of Homes SOLD in July: 292 vs 301 last month (as of July 1)  DOWN 9

Average Sales Price: $223,424 vs. June’s $236,265

Average Cumulative Days on Market for SOLD homes:  59 vs 75

Median Sales Price:  $186,500 vs. July’s $195,000

Median Cumulative Days on Market for SOLD homes:  30 vs. 26

Minimum Price Sold:  $18,025

Maximum Price Sold:  $1,825,000

What are the key takeaways? 

  • It does look like we’re getting a bit of a slowdown.   More homes offered for sale, fewer under contract, fewer sold.  However, those “fewer” numbers aren’t off by much, and still VERY strong months overall for the number of homes under contract and for the number of homes sold.
  • Days on market dropped for average but up slightly for median.  The median is the better indicator for how fast homes are moving (basically 50% of the homes that went under contract in less than 4 weeks).  Note for the homes that HAVE NOT sold, that day count will be MUCH higher.  A short time on market is the reward for having a home that is market ready and priced right from the start.
  • Home prices decreased on average and median, but again, not so significantly as for us to read anything serious into the drops.
  • And quite the spread between the least expensive home and the most expensive home sold in July.

Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale, and their involvement in the market continues to be minimal.  The 1228 homes for sale include 36 foreclosed homes and 37 short sales.  Of the 292 homes sold in July, 25 were foreclosures and 3 were short sales.

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For 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.

Posted in: Market Reports

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As local Warren County Ohio 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 Market Snapshot June 2014
Warren County Ohio Real Estate Market Snapshot August 2014 »

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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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