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Are Home Sales Up or Down in Greater Cincinnati?

filed under: Sales posted on February 15th, 2013

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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Focusing in on Cincinnati Real Estate

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.

Greater Cincinnati Home Sales Upedate

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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