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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 Update February 2017

woods on wilkens condos for sale mason ohioThe furry rodent in Pennsylvania saw his shadow this morning, so does that mean 6 weeks of slow real estate activity?  Cold weather usually puts a damper on real estate sales in Warren County Ohio homes sales, so 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 2/2/17:  653 (UP 25 from 628 1/1/17)

Number of Homes Under Contract (Pending) 2/2/17: 369 (DOWN  2 from 371 1/1/17)

Number of Homes SOLD in JANUARY: 194 vs 230 last month (as of  January 1 DOWN 36)

Average Sales Price: $224,181 vs. December’s $256,582

Average Cumulative Days on Market for SOLD homes:  60 vs 67 in December

Median Sales Price:  $197,375 vs. December’s $222,000

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

Minimum Price Sold:  $17,250

Maximum Price Sold:  $1,090,000

What are the key takeaways?

  • Typical for January, homes sold dropped.  That makes sense, as December isn’t a prime month for househunting as people put more emphasis on family time for the holidays.
  • More homes are on the market, but not much more.
  • Prices dropped a bit, but nothing to cause alarm
  • The time it takes to get a home under contract dropped for both average and median.  Again, to be expected for the time of year.
  • Why did the prices drop?  This month there was a scarcity of luxury home sales.  Only 5 homes sold for more than $500,000 and only one of those 5 for more than $1 million.
  • Warren County Ohio Distressed (short sales and foreclosures) bumped up this month with 16 foreclosures in the 194 sold homes.  None of the 194 were short sales.  Currently the 653 homes for sale include 14 foreclosed homes and 6 short sales.

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 Update January 2017
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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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