Warren County Ohio Real Estate Market Snapshot April 1, 2015

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Real Estate Agent with RE/MAX Elite 513.520.5305 www.LizTour.com SAL.2002007747

Warren County Ohio Real Estate Market Snapshot April 1, 2015 

With the arrival of warmer weather it's no April Fools prank to say some portions of our market are scorching hot.  We've shown a couple of Mason homes new to the market in the last week and both were being swarmed with interested buyers.  There's just a shortage of homes for sale in the sweet spot (HELLO SELLERS, THIS MIGHT BE YOUR TIME!!!). Other parts of the county are operating on a bit slower pace.

Stay with us for a top line review of last month's Warren County Ohio residential home market.

Come back later this month (starting around the 5th) for the start of our detailed market reports for Mason, Lebanon, Springboro, Maineville/Hamilton Township & Morrow.   By then all the month end transactions should be accounted for.


Warren County Residential Sales Summary (single family homes & condos):

Number of Homes For Sale 4/1/15:  970 (UP 63 from 917 3/1/15)

Number of Homes Under Contract (Pending) 4/1/15: 452 (UP  68 from 384 3/1/15)

Number of Homes SOLD in March: 224 vs 124 last month (as of  March 1)  UP 100

Average Sales Price: $216,438 vs. February's $211,960

Average Cumulative Days on Market for SOLD homes:  95 vs 92 in February

Median Sales Price:  $187,500 vs. February's $174,250

Median Cumulative Days on Market for SOLD homes:  63 vs. 60

Minimum Price Sold:  $27,100

Maximum Price Sold:  $845,000

What are the key takeaways? 

  • The Spring surge is BACK, as expected.  Like the swallows of Capistrano, you can count on a market bounce upwards when the weather warms.  MORE homes for sale, MORE under contract, MORE Sold, MORE money being paid.  And despite the increase in inventory, still a need for MORE homes for sale.  Some of the prime communities still have little to nothing for sale.  Some of the high demand buyer segments are in Mother Hubbard mode, the cupboards are bare of homes for sale!  
  • Time on market was so slightly higher as to be negligible.  And homes going under contract in a day or two?  It's happening with the best homes at the best prices.  And as a seller gets their home under contract, they're in a hurry to find a replacement home amongst the limited inventory.
  • Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale although bargain hunting is still part of the search process for many buyers.  Currently the 970 homes for sale include 42 foreclosed homes and 29 short sales.  Of the 224 homes sold in March, 14 were foreclosures and 4 were short sales.

Parkside of Mason Ohio

 Visit our www.WarrenCountyOhioRealEstate.com website for full search capability without registration requirements.

Still have questions about the local real estate market or want an in depth analysis of YOUR particular neighborhood and home?   Call us at 513-520-5305 or email at Liz@LizSpear.com. No hassle, no pressure.  Whether you want to go on the Warren County market tomorrow, or next year, there's value in knowing your specific options.

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

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Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

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Rainmaker
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Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

BLiz: This is an excellent opportunity for potential sellers in Warren County Ohio to get their home on the market. The smart move would be for them to call The Liz Spear Team for representation too.

Apr 01, 2015 07:13 AM #1
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