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West Chester and Liberty Township Ohio Real Estate Market Report

July 23, 2014 by Eric Lowry Leave a Comment

West Chester and Liberty Township Ohio Real Estate Market Report

June 2014 West Chester and Liberty Township Home SalesWest Chester and Liberty Township Ohio Home Sales were down 4.14% in June when compared to the sales in West Chester and Liberty Township in June 2013.  Home sales in West Chester and Liberty Township in June 2014 were the 2nd highest for June since 2006.  A lack of available homes for sale in West Chester and Liberty Township may be holding back significant sales growth right now.  

West Chester and Liberty Township Ohio Average Sale Prices were up 9.73% in June 2014 when compared to June of 2013. Average sale prices for West Chester and Liberty Township for year to date 2014 are up 8.94% compared to 2013.  The trend with home prices continues to be positive, with slow and steady improvement.

West Chester and Liberty Township Home Value

Days On Market for West Chester and Liberty Township Homes that closed in June 2014 was 62 which is dramatically lower than June 2013. 62 days on market is very low when compared to almost any time period in recent history.  As we have been saying for awhile, brand new listings that are staged for sale and priced correctly continue to sell very quickly.

List to Sale Price Ratio for homes sold in West Chester and Liberty Township Ohio in June 2014 was 97.57% which was a large increase over June 2013’s 96.68%  The list to sale price ratio is simply the percent of the current (last) list price of a home that it actually sells and closes for.  The list to sale price ratio can be a pretty good indicator of a real estate markets overall strength.  June 2014 List to Sale Ratio West Chester and Liberty Township

The Inventory of Homes for Sale in West Chester and Liberty Township remains low with a current level of supply at just over 4.5 months worth compared to 2 months ago when the months supply was just about 5 months.  

Interest Rates in the West Chester and Liberty Township area remain very low and have largely been very stable.  The current rate for a 30 year fixed rate loan is approximately 4.25% for a conventional loan and approximately 4.125% for an FHA loan.

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Filed Under: Eric Lowry's Articles, LowryTeam.com Real Estate Market Trends Report, Market Update, Real Estate Market Reports, West Chester OH Real Estate Market Reports Tagged With: Eric Lowry, Home Values, Housing Market, Interest Rates, Keller Williams Realty, Liberty Township, Liberty Township Home Values, Liberty Township Ohio Homes For Sale, Liberty Township Real Estate, LowryTeam.com, Market reports', Market Value Of My Home, Moving To West Chester, The Lowry Team, West Chester and Liberty Township Ohio, West Chester and Liberty Township Ohio Real Estate Market Report, West Chester Condos For Sale, West Chester Home Values, West Chester Ohio Homes For Sale, West Chester Real Estate, West Chester Realtor

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