Warren County Ohio Real Estate Market Snapshot November 1, 2019

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

Warren County Ohio real estate snapshotThe Warren County Ohio real estate market is holding steady, but is on the verge of the usual winter slowdown.

Stick around for a top level overview!

   

  

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 11/1/2019:  619 (DOWN 44 from 663 10/2/19)

Number of Homes Under Contract (Pending) 11/1/19: 391 (DOWN 11 from 402 10/2/19)

Number of Homes SOLD in October: 281 vs 256 last month (as of  10/2/19) UP 25

Average Sales Price: $304,822 vs. September's $316,651

Average Cumulative Days on Market for SOLD homes:  41 vs 47 in September

Median Sales Price:  $260,000 vs. September's $261,500

Median Cumulative Days on Market for SOLD homes: 15 vs. 9

Minimum Price Sold:  $16,000

Maximum Price Sold:  $1,200.000

What are the key takeaways? 

  • Overall, a better month than you'd expect for the time of year.  Sales volume actually increased vs. September and prices were essentially the same. 
  • What did drop?  The number of homes available, and that's typical as we head into the colder months.  Some sellers will delay trying to sell until Spring.   
  • Out of the 281 homes sold, 13 sold for less than $100,000, 32 sold for $500,000 or more (that price is the local threshold for "luxury" homes) and of those 32, 4 sold for more than 1 million.
  • Outside of the MLS information are the hidden new construction homes.  Made to order homes are generally NOT entered in Cincinnati MLS.  Reported new construction accounted for 20 of the 281 reported.
  • The other big contributor is the scarcity of resale homes for sale in Warren County.  With 168 of the 619 homes listed for sale as new construction, that leaves 451 resale homes.  That's all types of homes and price ranges.  Spread that across the county and condos and homes and there's just not a large selection to pick from.
  • Distressed (short sales and foreclosures) accounted for 1 sale this month with 1 foreclosure and 0 short sales in the 281 sold homes.  Currently the 619 homes for sale include 6 foreclosed homes and 1 short sale. 

 

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

Posted by

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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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Bill. Smart buyers will seek your services as others begin to hibernate. Enjoy your day!

Nov 02, 2019 05:04 AM #1
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