New Richmond Home Sales Update | June 2017 | New Richmond School District
New Richmond Homes For Sale
This month’s New Richmond Home Sales Update could be subtitle, “The Best Yet.” There are multiple categories where homes sales have been the best they’ve been all year.
The number of sold homes continues on an upward trend. At 96 closed transactions, it is at its highest of the year. The demand for housing continues to be high.
At 97.17%, the sale price to asking price also continues teh climb. That is often and indication that buyers find themselves in competition for homes. Remember about 8 years ago when buyer’s initial offer would be about 20% below the asking price? That has dramatically changed.
Also, both the absorption rate and days on market continue to drop. Currently they are 5.81 months of inventory which shows a healthy, balanced market, and 49 days the average home is staying on the market before it sells. They are both solid signs of a solid market where both sellers and buyers are walking away happy.
To see how the other school districts are doing in Clermont County, Click Here.
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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
