West Clermont Home Sales Update Covering March 2017 | West Clermont Homes For Sale | Union Township
West Clermont Home Sales Update | Market Trends
There is a lot of great news in this month’s West Clermont Home Sales 
Update! Home sales in the school district have been spectacular, setting the pace for the other county school districts in several categories!
First, the absorption rate, the number which determines if it is a seller’s market, remains the best in the county at 3.39. It is up slightly from earlier numbers but is still very strong. The number basically means, based on average number of homes sold per month, it would take 3.39 months to sell all the homes currently on the market. Anything lower than 5 months is a seller’s market. While it is not a strong seller’s market, it is good for both home sellers and buyers.
Second, the final sales price of homes is 97.59% of asking price. That is above other Clermont County school districts. It isn’t abnormal for this to be 95 to 96% of asking price.
Third, the number of available homes on the market, homes under contract and sold homes for the last month is higher than all other districts in Clermont. See the graph below.
Ok, the bottom line. If you are a buyer, don’t drag your feet. Present strong offers with a strong pre-qualification letter. Don’t ask for a bunch of personal items unless the seller is already offering them. There are plenty of other buyers competing against you.
If you are a home seller, if your home is being marketed correctly and is well priced, you likely should have started packing when you listed the home! Condition is still important due to the number of other available homes. If your home failed to sell, let us know! We specialize in selling homes other agents struggled with. Call or text us at 513-201-7890 or Click Here!
West Clermont New Homes.. Click Here!
West Clermont 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 142 123 538 $184,311 $162,810 97.71% 2.9 40
February, 2017 113 158 498 $188,124 $161,705 97.63% 3.3 43
March, 2017 118 162 495 $196,279 $164,055 97.59% 3.39 43
April, 2017 124 184 484 $212,749 $165,746 97.81 3.8 42
May, 2017 129 173 518 $220,999 $165,586 97.87% 3.5 40
June, 2017 162 162 536 $221,210 $166,168 98.23% 3.65 32
July, 2017 169 179 572 $216,736 $165,702 98.32% 3.7 29
August, 2017 134 155 523 $235,922 $182,272 98.57% 3.3 22
September, 2017 130 118 544 $240,338 $181,589 98.44% 2.7 22
October, 2017
November, 2017 141 129 602 $220,907 $173,841 98.30% 2.7 24
December, 2017 119 95 578 $219,570 $175,00 98.08% 2.2 26
