Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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2018 Trends in Cincinnati Real Estate

filed under: Real Estate posted on March 7th, 2018

2018 trends in Greater Cincinnati real estate.

Home sales continue to outpace the number of new listings which continues to drive up sale prices in some areas.

Comparing the average sale price for single-family homes during the first 2 months of 2017 ($183,598) to 2018 ($195,382) our area experienced an increase of +6%.

Single Family homes in real estate

Data Source: Multiple Listing of Greater Cincinnati

Fewer and fewer single family homes are for sale in Greater Cincinnati.

Right now buyers were looking at 3533 single family homes for sale.  A -22% drop from February 2017 and a -41% drop from 2016.  Unfortunately as the number of homes listed gets smaller so does the pool of buyers.

HomeSearch

Single-family home sales volume for the 4 counties. Data pulled from the CincyMLS.

Only 2of the counties start 2018 ahead of last year.  

  2017   2018  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 523 $178,712 497 $196,124
Clermont 300 $186,941 254 $203,510
Hamilton 1093 $185,857 1086 $200,646
Warren 323 $241,093 268 $249,722

Spring is on the verge of arriving and hopefully, all the potential sellers waiting for spring will finally get their homes on the market.  Interest rates rose slightly in 2018 but are still very low.  Good weather and a few more homes on the market may bloom into a healthy spring real estate market. 

Do you have questions about sale prices in your neighborhood-send a request for a full market evaluation.  Anything else – Call/Txt

 

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