New Richmond Home Sales Update | April 2017 | New Richmond School District
New Richmond Homes For Sale
Impressive! That is the word I would use to describe the trend in this month’s New Richmond Home
Sales Update. Did you realize the average sale price in the school district is $229,393?! That ranks second only to Loveland for other Clermont school district sales!
My first thought was this was being driven by new construction. On further research, new construction had no influence on that number! Instead, in Monroe Township there are many homes on acreage that are pulling attention by people wanting more space. It isn’t limited to new homes, neither. One home was 196 years old and was on 41 acres, Click Here to see it! Another example will be a home coming on the market soon that is a custom built 4 bedroom on 10 acres with fencing, barn and outbuildings that will be in the low $600’s.
Of the largest concern is the absorption rate which determines if it is a sellers or buyer’s market. It has crept up to 7.3 which is a moderate buyer’s market. We will continue to watch both the sale price to asking price ratio as well as the days on market. Right now both of those are strong, however, if they start falling, it could be the signal for home sellers to become more aggressive on their pricing and marketing strategies.
If you’ve had trouble selling your home, let us know. We specialize in selling homes other agents have had trouble with! Call or text us at 513-201-7890 or Click Here.
Looking for a home? Would you like to create your own specialized search? Click Here!
New Richmond School District Market Update (Each month is the previous 6 months totals & averages)
Active Listings Pending Listings Sold Listings Avg Active Price Avg Sold Price % of List
To Sale PriceAbsorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market Avg Days
On Market
January, 2017
February, 2017 59 27 84 $340,509 $209,659 96.27% 6.2 65
March, 2017 76 21 86 $306,173 $223,515 96.35 6.78 63
April, 2017 71 26 80 $310,809 $229,393 96.75% 7.3 54
May, 2017 69 28 91 $349,450 $234,156 96.8% 6.38 53
June, 2017 62 31 96 $344,182 $221,729 97.17% 5.81 49
July, 2017 71 31 94 $326,465 $237,712 97.25% 6.5 50
August, 2017 69 31 100 $352,866 $250,180 97.16% 6.0 45
September, 2017 68 23 107 $320,539 $258,541 96.73% 5.1 50
October, 2017
November, 2017 62 16 102 $314,099 $246,932 96.15% 4.6 50
December, 2017 50 16 94 $318,926 $241,494 95.56% 4.2 51
