Warren County Ohio Real Estate Market Snapshot January 1 2018

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

Warren County Ohio real estate snapshotHappy New Year everyone!  2017 is officially wrapped up, and holiday or not, it's time for our monthly update of the Warren County Ohio real estate market!  Expect things to be slow, it IS a cold time of the year for both temperature and real estate activity in Warren County!  

Stick with us for a quick overview of this month's stats and come back later this month to read our assessments of Mason, Lebanon, Springboro, Maineville/Hamilton Township & Morrow.  

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

Number of Homes For Sale 1/1/2018:  579 (DOWN  96 from 675 12/1/17)

Number of Homes Under Contract (Pending) 1/1/18: 294 (DOWN 42 from 336 12/1/17)

Number of Homes SOLD in December: 186 vs 275 last month (as of  January 1 DOWN 89)

Average Sales Price: $269,030 vs. November's $297,021

Average Cumulative Days on Market for SOLD homes:  75 vs 66 in November

Median Sales Price:  $221,500 vs. November's $249,900

Median Cumulative Days on Market for SOLD homes:  36 vs. 27

Minimum Price Sold:  $35,000

Maximum Price Sold:  $1,485,000

What are the key takeaways? 

  • As expected, the real estate market is slower.  That's typical for the time of year.  Much fewer homes on the market, longer time to sell, etc. 
  • What wasn't the norm?  THREE homes sold for more than $1 million, following up on the FOUR from November.
  • Prices dropped, primarily due to the number of luxury homes accounting for only 14 of the 186 homes sold. 
  • New construction entered in MLS and sold was 26 homes, and those are just the ones reported in Cincinnati MLS.  Made to order homes are often not reported.  New construction accounts for 186 of the 579 homes listed in MLS and NOT under contract.
  • Distressed (short sales and foreclosures) continued to be insignificant this month with 4 foreclosures and no short sales in the 186 sold homes.  Currently the 579 homes for sale include 8 foreclosed homes and 3 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:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Happy New Year to you and yours.....hope 2018 is fabulous for you!

Jan 01, 2018 08:09 AM #1
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Great snapshot of Warran County Homes  -Wishing You Liz and Bill Spear  a very Happy & Healthy New Year in 2018

Jan 01, 2018 08:24 AM #2
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RE/MAX Elite Warren County OH (Cincinnati/Dayton)
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