Fall has arrived and you can feel the briskness in the air. The leaves haven’t turned YET, but some of them are still falling on the lawn! Typically Warren County Ohio home sales start to slow this time of year. Is that going to hold true 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 10/1/16: 864 (DOWN 38 from 902 9/1/16)
Number of Homes Under Contract (Pending) 10/1/16: 557 (DOWN 18 from 575 9/1/16)
Number of Homes SOLD in SEPTEMBER: 271 vs 341 last month (as of September 1 DOWN 70)
Average Sales Price: $243,644 vs. August’s $242,662
Average Cumulative Days on Market for SOLD homes: 54 vs 47 in August
Median Sales Price: $206,000 vs. August’s $204,000
Median Cumulative Days on Market for SOLD homes: 25 vs. 19
Minimum Price Sold: $12,500
Maximum Price Sold: $840,000
What are the key takeaways?
- As it turned out, a “normal” month for this time of year. Dropping as expected were the number of homes for sale, under contract and the number sold. Prices remained stable.
- Time to sell was only slightly longer.
- Only 12 homes sold for $500k or more last month.
- Distressed (short sales and foreclosures) sales remain a fairly small segment of Warren County homes for sale. Of the 864 homes for sale are 20 foreclosed homes and 10 short sales. Of the 271 homes sold in September, 17 were foreclosures and 4 were 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 [email protected] 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