New Richmond Home Sales Update Covering March 2017

New Richmond Home Sales Update Covering March 2017 | New Richmond Homes For Sale | Clermont Homes For Sale

New Richmond Homes Sales | Pierce, Monroe and Ohio Townships

This months New Richmond Home Sales Update is much the Tale of Two new richmond home sales updateCities…. “It was the best of times, it was the worst of times.”   The number of sales has remained consistent so far this year with a slight rise in the number of available homes.  Of great interest, New Richmond boasts the second highest average sale price of all school districts in the county at $223,515!  The Loveland school district is the only district with a higher average sale price.

The good news is mixed with some “less than good” news.  While having a great average sale price, the average time on market and the absorption rate are among the weakest in the county.  Average number of days on market for homes that have made it to the closing table is 63 days.  In contrast, Milford’s average time on market is 28 days.

The other piece of challenging news is what is called the absorption rate.  That number determines if it is a seller’s or buyer’s market.  New Richmond’s number has risen slightly to 6.78.  That means it is a slight buyer’s market overall.

Bottom line, it is very important to make sure your home is marketed and priced correctly.  Buyers have enough homes from which to choose that being sensitive to those factors becomes all the more important.  If your home failed to sell, let us know.  We specialize in selling homes other agents could not.  Call or text us at 513-201-7890 or Click Here!

Would you like to create your own specialized search for your perfect home?  Click Here!

New Richmond 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, 2017
February, 2017592784$340,509$209,65996.27%6.265
March, 2017762186$306,173$223,51596.356.7863
April, 2017712680$310,809$229,39396.75%7.354
May, 2017692891$349,450$234,15696.8%6.3853
June, 2017623196$344,182$221,72997.17%5.8149
July, 2017713194$326,465$237,71297.25%6.550
August, 20176931100$352,866$250,18097.16%6.045
September, 20176823107$320,539$258,54196.73%5.150
October, 2017
November, 20176216102$314,099$246,93296.15%4.650
December, 2017501694$318,926$241,49495.56%4.251