Springboro Market Conditions

By
Real Estate Agent with Irongate Realtors

March 15, 2008

 

The inventory in Springboro is once again increasing. As of March 15, 2008 the units on the market jumped from 340 units at the end of Feb. to 381 units on the market today. Some of this increase is due to the normal seasonal cycle of real estate. Inventory always increases in the Spring and Summer. Interesting to note Feb. 2008 had only 14 units sell, being one of the slowest Feb in many years. The following shows the number of units sold per month in this quarter since 2005

 

SOLDS           2005    2006    2007    2008  

Jan                   38          34         18       32

Feb                  36          30         25       14

March              43          50         50    

 

The good news is we have 48 homes under contract in Springboro as of today compared to 35 pending contracts for the entire month of Feb. There is a sense among agents that the buyers are beginning to understand the historical opportunity they have to buy and the well priced homes in good condition are being scooped up. The facts are the facts. It never ceases to amaze me when pulling data what is really happening as opposed to what the media says is happening. For more up to date data, call me anytime. 937-546-0222

 

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