West Clermont Home Sales Update Covering March 2017

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 West Clermont Home Sales UpdateUpdate!  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!

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West Clermont 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, 2017142123538$184,311$162,81097.71%2.940
February, 2017113158498$188,124$161,70597.63%3.343
March, 2017118162495$196,279$164,05597.59%3.3943
April, 2017124184484$212,749$165,74697.813.842
May, 2017129173518$220,999$165,58697.87%3.540
June, 2017162162536$221,210$166,16898.23%3.6532
July, 2017169179572$216,736$165,70298.32%3.729
August, 2017134155523$235,922$182,27298.57%3.322
September, 2017130118544$240,338$181,58998.44%2.722
October, 2017
November, 2017141129602$220,907$173,84198.30%2.724
December, 201711995578$219,570$175,0098.08%2.226