Warren County Ohio Real Estate Update November 2016

Published On: November 1, 2016|Categories: Market Reports|

It’s November and the weather is WAY warmer than it usually is in Warren County this time of year. The leaves have popped their colors so it’s another weekend project getting them off the grass as quickly as they’re falling! While normally this time of year the real estate market slows, for us personally it has been a bit “roller coastery” with bursts of heavy activity (two listings under contract, two more buyers under contract) and then some lulls that allow us to catch up on some personal to do items. So our our personal experiences consistent with the real estate market? Let’s take a look at the latest Warren County Ohio homes sales.

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

Number of Homes For Sale 11/2/16: 825 (DOWN 39 from 864 10/1/16)

Number of Homes Under Contract (Pending) 11/2/16: 488 (DOWN 69 from 557 10/1/16)

Number of Homes SOLD in OCTOBER: 298 vs 271 last month (as of October 1 DOWN 27)

Average Sales Price: $257,799 vs. September’s $243,644

Average Cumulative Days on Market for SOLD homes: 65 vs 54 in September

Median Sales Price: $228,950 vs. September’s $206,000

Median Cumulative Days on Market for SOLD homes: 34 vs. 25

Minimum Price Sold: $15,000

Maximum Price Sold: $1,260000

What are the key takeaways?

Overall a pretty good month. Prices up as was the number of homes sold. The main decrease was homes under contract and how long it takes to get a home under contract.
Only 16 homes sold for $500k or more last month.
Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale. Currently the 825 homes for sale include 22 foreclosed homes and 7 short sales. Of the 298 homes sold in October, 12 were foreclosures and 1 was a short sale.

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