Batavia Home Sales – For August 2017

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Batavia School District | Batavia Home Sales

Batavia Home Sales Update

Batavia Home Sales this month are a mixed bag.  While average sale price and absorption rate have improved, other categories have either slackened or stayed weak.  

On the good side, the average sale price has once again jumped.  This month it lept to $219,622 in contrast to last month’s $197,532.  To an extent, part of the impact were new home sales by Fischer Homes in Forest Glen and Glenwood Trails.  This will bear watching in the months ahead to see if this trend continues.  

Both the absorption rate at 3.4 and the sale price to list price ratio of 97.89% continue to show a healthy and strong housing market.  Home sellers are seeing almost all of the price they are asking for a home.  However, often hidden from the available statistics is how much sellers are contributing to the buyer’s closing costs.  This is still a common occurrence in this market.  The good point is that homes are seeing much more of their asking price than just a couple years ago.

Days on market continues continue to be a weak point in contrast to other neighboring school districts.  Even with that being the case at 62 days, that is still great when compared to what the market had been.  Throughout this calendar year, this number has remained very consistent.  

It will be interesting to review next months numbers.  Active, pending and closed homes are all down in August.  In part, that could be seasonal, however, other neighboring districts have not seen as much of a drop.

If you are looking for a top agent to sell your home who understands home sales in our area, call or text us at 513-201-7890 or Click Here!

Batavia School District Market Update (Each month is the previous 6 months totals & averages)

 Active ListingsPending ListingsSold ListingsAvg Active PriceAvg Sold Price% of List
To Sale Price
Absorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market
Avg Days
On Market
January, 20174813127$176.972$170,72196.47%2.960
February, 20174825108$220,589$179,45896.84%4.162
March, 2017483099$228,197$178,11796.97%4.777
April, 2017464091$235,236$176,14696.99%5.768
May, 20173239108$221,912$187,57797.27%3.9474
June, 20173830117$237,082$196,21897.583.4967
July, 20174131120$230,471$197,53297.86%3.665
August, 2017321991$256,178$219,62297.89%3.462
September, 20173822142239,995198,81597.882.555
October, 2017
November, 20173717119$232,956$189,47897.65%2.742
December, 20173418106$237.149$187,68197.5%2.946

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Batavia Home Sales For August 2017
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