Lebanon Ohio City HallJune 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

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!
EHO Two locations: Lebanon & Mason, OH
Liz direct:  513-265-3004
Bill direct: 513-520-5305     
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Our Website:  www.LizTour.com

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11 Comments on June 2012 Snapshot of Warren County Ohio Real Estate Market

JUN
02
477,649 Points 59 Featured Posts Outside Blog Called Shot Master

Hi Bliz team,

I think the numbers look pretty good.

Still a vibrant market.

Things could be a lot worse off than the current situation. 

Have a great day in Ohio. And keep selling homes.

Best, clint Mckie
8:04am • #1
1,051,017 Points 285 Featured Posts Outside Blog Called Shot Master

Clint, Definitely a good position.  Sure we'd love to see prices climbing all the time, but that's not realistic.  Stable is good :)

Hope you have a fanastic weekend down your way!
8:23am • #2
983,985 Points 80 Featured Posts Called Shot Master

Pretty impressive numbers..............stable beat declining................any day of the week.
9:17am • #3
1,051,017 Points 285 Featured Posts Outside Blog Called Shot Master

Roger, We'll dive deeper into a few of the communities next week once the numbers are finalized, but it's good to see the overall health of the Warren County real estate market.
9:32am • #4
1,222,930 Points 79 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Good afternoon BLIZ,

Excellent report and analysis! It is good to see the over all health of the Warren County real estate market is on the mend!
11:07am • #5
268,007 Points 12 Featured Posts Outside Blog Called Shot Master

Great news for your area!  Keep up the great reporting.  Have a wonderful weekend!
1:21pm • #6
1,051,017 Points 285 Featured Posts Outside Blog Called Shot Master

Dorie, We'll really break it down at the city level next week when the data is finalized, but like to provide a top level report.  Nice to see good trends continuing!

Jan, You bet!  And we had a break in our schedule, so drove down to Cincinnati's Coney Island park for the annual Summerfair.  300+ artists with works on display and for sale.  The entire spectrum of items for sale.  We've got a couple of gifts done and a little something neat for our home too.  PERFECT weather today too!
3:00pm • #7
617,931 Points 95 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

That is some good news for Warren County.  Look at all of the pendings :)!  That will make June's number of Solds (as long as many aren't short sales) really jump up.  Looks like Warren County Spring Real Estate Market is holding up just fine :)!
4:04pm • #8
1,051,017 Points 285 Featured Posts Outside Blog Called Shot Master

Brenda, No doubt, that's a LOT of homes under contract, and not too many of them are short sales, so we should see plenty of them close in the next two months.
6:25pm • #9
JUN
03
413,687 Points 88 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Slow and steady improvement is better than a quick rise...good reporting on your area.
6:53pm • #10
1,051,017 Points 285 Featured Posts Outside Blog Called Shot Master

Leslie, The good news about our area is we never had the huge appreciation, and accordingly we didn't have the severe drop that some areas of the country experienced.
7:17pm • #11

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Liz and Bill Spear RE/MAX Elite Warren County Ohio: Cincinnati to Dayton

Liz and Bill Spear

Mason, OH

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513.265.3004 www.LizTour.com

Address: 5720 Gateway Blvd, Suite 203, Mason, OH, 45040

Cell Phone: (513) 265-3004

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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.


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