The BORO Update

By
Real Estate Agent with Century 21 Elite Performance

Well it's time for another update.  The market is down from this time last year. Yes - here in Springboro the market is down overall from this time last year.  Here's the how and why of it by the numbers.  So far in 2008, $37,545,327.00 in Real Estate has changed hands in Springboro with a whopping number of 141 sold.  The average list price (keeping in mind what I've discussed in past blogs about average LP to SP ratios) was $277,579.00 with an average sale price of  $266,279.00.   The average home size of what's been selling is 2500 square feet and it has taken on average 145 days to sell your home under the current market conditions. All of these numbers are up from this time last year.

market update

The break down of numbers this time last year is as follows.  $48,630,034.00 has sold with 182 homes selling as opposed to 141.  The average list price remains almost the same at $276,830.00. However, an average selling price of $267,198.00  home size was less at 2300 square which can give you the appearance that the price per square foot has actually gone up while the number of homes selling are less. The average a home was on the market this time last year was 137 days thus taking longer to sell this year being at its current 145 days. Bottom line here in Springboro is this - you're up to date.

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Jon Higgins

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