June 2012 Snapshot of Warren County Ohio Real Estate Market

The information here is VERY preliminary.  With May's month end last Thursday evening, not all closings may have been reported and recorded yet in Cincinnati MLS.  Three business days are allowed to make any status changes, so additional homes may have moved from Active to Pending, or Pending to Sold. All numbers are derived from Cincinnati MLS information.

Warren County Preliminary Summary:

Number of Homes For Sale:  1563 (UP 31 from May 3)

Number of Homes Under Contract (Pending):  478 (Down 17 from May 3)

Number of Homes SOLD:  252 (UP 54 from May 3)

Average Sales Price:  $199,005 (DOWN from $208,700 May 3)

Overall we consider this to be positive news.  Not a massive swelling of Active inventory from May to June, although there are still homes just starting to come on the market (we'll have a new listing next week for example).

The drop in Pendings is more than compensated for in the number of SOLD homes, although that's still a massive number of homes under contract!  We're still close to one quarter of all homes on the market having an accepted contract! 

And average sales prices will vary.  Have either end of the market (investment or luxury) be extra active and the whole index moves with that activity.

Of course, the amount (or even presence) of recovery is dependent upon local conditions, and Warren County isn't one solid, uniform market.  Each town and township, each school district and sometimes even a particular subdivision has its own dynamics.

For an in depth analysis of YOUR particular neighborhood and home, call us at 513-265-3004 or email at Liz@LizSpear.com.  No hassle, no pressure, and if NOW isn't the best time for your circumstances, we'll say so!  We can wait until it makes sense for YOU!

Serving Warren County's residential real estate needs,
Liz and Bill aka BLiz