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Why Are There More Sales On The Warren County Auditor's Site Than Cincinnati MLS?
Dear Liz, We follow our local market pretty closely and noticed that there's a wide disparity between the Cincinnati MLS sales and the Warren County Auditor's records. Can you explain the reason for the big difference? Signed, Musing in Maineville
Dear Musing, We're glad you asked! No doubt there is a quite noticeable gap between the auditor's records and the Cincinnati MLS! And before you assume it's all those For Sale By Owner signs succeeding, we've got a few more factors for you to consider!
For instance, let's examine the data for the Little Miami School district for the years 2009-2011. We extracted the sales data from Cincinnati MLS to get the quantity of homes sold (and threw in Average and Median prices for good measure)! Then we visited the Warren County Auditor's real estate search site to examine the same time frames for quantity of homes sold. Then with a little export and some Excel adjustments to eliminate duplicate address transactions, we arrived at the following table:
Obviously, there IS a significant gap between Cincinnati MLS and the Warren County Auditor site. Over DOUBLE in 2009 & 2010, and still large in 2011 although the gap is closing. Why?
Well there's a number of valid reasons for the gap:
Auditor transactions include all sheriff's sales/foreclosures as the initial repossession takes place. Cumulatively over the course of a year, this can add up!
Auditor transactions include transfers from developers to builders of new construction homes.
Auditor transactions include new construction sales that were never advertised in MLS. (combine this reason with the previous bullet and you can understand the Auditor numbers dropping from 2009 to 2011 as new construction ground to a near halt in this school district)
Some homes for sale are only entered in Dayton MLS.
Lastly, the auditor's site DOES include private sales that did not engage a REALTOR® and MLS.
As you can see, there's a pretty good explanation of why the numbers vary between the two sources. It's important to understand the different data sources and what they represent, and even more important to hire a REALTOR® Team knowledgeable in understanding and interpreting the data in clear terms!
If you have other questions, don't hesitate to ask!
REALTORS(S) Serving Warren County Ohio & Adjacent Areas
The Liz Spear Team of RE/MAX Elite Elizabeth & William Spear Ask for us by name if you visit the office! Two locations: Lebanon & Mason, OH Liz direct: 513-265-3004 Bill direct: 513-520-5305 Fax: 866-302-8418 MailTo: LizSpear@Go-Concepts.com Our Website: www.LizTour.com
REALTORS(R) serving Warren County Ohio and surrounding areas. Observing and reporting on real estate and related topics to help your quality of life!
And if you're asking where is Warren County Ohio? We fill the space between Cincinnati and Dayton. Perfect for enjoying the bigger cities without living in them. Places like Mason, Lebanon, Springboro, Waynesville, Franklin and more. Plus lots of rural properties available too. We work with both residential homes buyers and sellers.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.