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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 Snapshot August 1, 2016

New home in Warren County OhioSchool is almost back in session and that typically means a last push by families to get a new home BEFORE school starts up again.  School’s return won’t stop home sales, but there is a typical slow down after that date.

Let’s take a quick look and see what last month’s 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 8/1/16:  971 (UP  16 from 955 7/1/16)

Number of Homes Under Contract (Pending) 8/1/16: 604 (DOWN  22 from 626 7/1/16)

Number of Homes SOLD in JULY: 310 vs 378 last month (as of  July 1 DOWN 68)

Average Sales Price: $272,154 vs. June’s $249,364

Average Cumulative Days on Market for SOLD homes:  86 vs 59 in June

Median Sales Price:  $234,778 vs. June’s $219,250

Median Cumulative Days on Market for SOLD homes:  39 vs. 15

Minimum Price Sold:  $30,000

Maximum Price Sold:  $1,500,000

What are the key takeaways? 

  • If you’re reading closely, you can see the signs that we’re on the downhill side of the year’s peak.  Inventory up slightly.  The number of homes down, the number of homes under contract down a bit too, and another tell tale, time to sell jumping UP.
  • Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale.  Currently the 971 homes for sale include 17 foreclosed homes and 8 short sales.  Of the 310 homes sold in July, 4 were foreclosures and 1 was a short sale. 
  • Bottom line, if you need to sell a home it’s NOT too late as there are still segments of the market with a short supply.  We’d still expect close to 300+ homes to complete sales each of the next couple of months.

 

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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