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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 January 2017

Riverwalk Kings Mills OhioHappy New Year everyone!  Other than a few sales that haven’t been recorded yet in MLS, Warren County Ohio home sales are done for another calendar year!  As expected, it’s a slow time of year for home sales as the holidays take precedence.  That said, we’re seeing signs of 2017 business already starting with multiple contacts this week from buyers and sellers ready to make something happen this year.  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 1/1/17:  628 (DOWN  154 from 782 12/1/16)

Number of Homes Under Contract (Pending) 1/1/17: 371 (DOWN  67 from 438 12/1/16)

Number of Homes SOLD in DECEMBER: 230 vs 228 last month (as of  December 1 UP 2)

Average Sales Price: $256,582 vs. November’s $243,321

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

Median Sales Price:  $222,000 vs. November’s $204,950

Median Cumulative Days on Market for SOLD homes:  30 vs. 21

Minimum Price Sold:  $27,500

Maximum Price Sold:  $1,500,000

What are the key takeaways? 

  • Obviously the number of homes dropped significantly.  You’ve got two main contributors:  Some sellers take their homes off the market during the holidays AND some sellers are hesitant to start marketing their home during the cold months and prefer to wait for the Spring season.  The net? The homes that were Sold in December didn’t get replaced.  That also means the number of homes under contract drop a bit too.
  • 17 homes sold for $500k or more last month and 2 of those were above $1,000,000.
  • Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale.  Currently the 628 homes for sale include 18 foreclosed homes and 6 short sales.  Of the 230 homes sold in December, 4 were foreclosures and 2 were 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 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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