Warren County Ohio Real Estate Market Snapshot January 1 2017

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

Warren County Ohio real estate snapshotHappy New Year everyone!  2016 is a wrap (well except for the closings last week that haven't quite made it into the MLS yet!).  It's the time of year when real estate is slower as people enjoy the holidays and family time, so any drop in numbers is normal.  That said, we're seeing signs of 2017 business already starting with multiple contacts this week from buyers and sellers ready to make something happen this year. 

Let's take a quick look and see what last month's stats tell us about the 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 1/1/17:  628 (DOWN  154 from 782 12/1/16)

Number of Homes Under Contract (Pending) 1/1/17: 371 (DOWN  67 from 438 12/1/16)

Number of Homes SOLD in DECEMBER: 230 vs 228 last month (as of  December 1 UP 2)

Average Sales Price: $256,582 vs. November's $243,321

Average Cumulative Days on Market for SOLD homes:  67 vs 60 in November

Median Sales Price:  $222,000 vs. November's $204,950

Median Cumulative Days on Market for SOLD homes:  30 vs. 21

Minimum Price Sold:  $27,500

Maximum Price Sold:  $1,500,000

What are the key takeaways? 

  • Obviously the number of homes dropped significantly.  You've got two main contributors:  Some sellers take their homes off the market during the holidays AND some sellers are hesitant to start marketing their home during the cold months and prefer to wait for the Spring season.  The net? The homes that were Sold in December didn't get replaced.  That also means the number of homes under contract drop a bit too.
  • 17 homes sold for $500k or more last month and 2 of those were above $1,000,000. 
  • Distressed (short sales and foreclosures) continue to be a fairly small segment of Warren County homes for sale.  Currently the 628 homes for sale include 18 foreclosed homes and 6 short sales.  Of the 230 homes sold in December, 4 were foreclosures and 2 were short sales. 

Cherry Brook of Mason Ohio

 Visit our 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:  Http://WarrenCountyOhioRealEstate.com

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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Hello Liz and Bill Spear  wonderful post . Stopped by To Wish you a Happy & Healthy New Year --- All the Best in 2017

Jan 01, 2017 11:58 AM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Liz and Bill wanted to wish the two of you a very happy and productive 2017 for the both of you.

Jan 01, 2017 06:49 PM #2
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Hannah, Happy New Year to you too!

George, Hope your 2017 is off to a great start!

Jan 03, 2017 05:54 AM #3
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