Has The Mason Ohio Real Estate Market Recovered?
Baah Humbug! It's horrible!! It's TERRRRIBLLE out there! Are you CRAZY to sell your home right now?? WAIT!! It'll be better later!!
You've been hearing it from the press. You've been hearing it everywhere! Your friends, your co-workers....all those folks that don't have access to the stats and who run off of hearsay!
But here's the real deal for the Mason real estate market, no spin, just PURE numbers with ZERO manipulation for the Mason Ohio School District straight from the Cincinnati MLS!
The first table is a year to year comparison, basic information as to how many homes sold, what the average price was, median price, and average days on market. We used 2005 as a baseline because it's well before things swept downwards in 2008/9.
So what does the year to year data comparison show us? Overall, when comparing the full year of 2010 to the full year of 2005, Average Prices were down 4% and Median Prices down 2%. Sales volume is WAY down though. Considering the news from many areas is tremendously worse, the news is not so bad, right?
But we're most of the way through 2011, so how about some more recent data?
Okay, to keep things apples to apples, let's compare the first SEVEN months of each year and what do you get??
Wow, BIG difference isn't it once you factor in the 2011 market? Average prices are now back to 2005, and the MEDIAN prices are now up 10%! So now we're dealing with some recent data, but how about August 2011 home sales? The news is even BETTER! 64 more homes sold, average price of $323,820 (there's some million dollar plus homes in those 64), and the median price is up to $282,500!
So what's our interpretation of the data?
Honestly, there IS no interpretation here. The stats are straight from the Cincinnati MLS of homes SOLD using a REALTOR®. The data CLEARLY states the Mason area has ALREADY turned the corner!
You've got new construction rolling again. You've got Mason Schools rated Excellent with Distinction. You've got Money Magazine rating Mason as #24 in the U.S. for Best Places To Live in the Small town/city category. There's a LOT of reasons for Mason to set the pace for Warren County housing.
So if you've been holding off waiting for the RIGHT time?
If you're a buyer, you may have already missed the lowest point, but fortunately for you, interest rates are still phenomenal.
If you're a seller? If you don't HAVE to sell, waiting for further recovery might still be in your best interest. But if you've been waiting for signs of recovery because you are motivated to sell, well you can see the numbers and they speak for themselves. Your decision, and we'd be happy to meet with you and help you make the best possible decision for YOUR circumstances.
Serving Mason's residential real estate needs,
Liz and Bill aka BLiz