Are Home Sales Up or Down in Greater Cincinnati?
Focusing on the right information shows volume of home sales in 3 of the 4 counties in greater Cincinnati outpaces January of 2012!
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Cincinnati homes for sale surged ahead in January of 2013 versus the same month in 2012 in 3 of the 4 counties. According to data pulled from the CincyMLS, only Warren County fell short of surpassing the sales volume of the previous January.
Home sellers in Warren County also experienced a drop in the average sale price- but not in the number of homes sold.
| 2012 | 2013 | |||
|---|---|---|---|---|
| # Units | Avg Sales Price | # Units | Avg Sales Price | |
| Butler | 178 | $117,345 | 264 | $128,374 |
| Clermont | 106 | $132,559 | 132 | $1667,571 |
| Hamilton | 392 | $143,624 | 459 | $147,511 |
| Warren | 105 | $221,968 | 117 | $196,238 |
It’s hard to pinpoint the exact conditions that impacted home sales in January- weather, continuing uncertainty over the economy, lack of inventory or some other unknowns. One conclusion that easy to conclude from the chart above is -moderate priced homes were in demand in during December / January. Time (and weather conditions) will tell if the uptick in sales and average sale prices will continue throughout the year.
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