Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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Home Sale Stats for Greater Cincinnati Ohio

filed under: Stats posted on August 23rd, 2013

Cincinnati home sellers are wondering when the local housing market will recover, a buyer will point at their property and write a contract.

Cincinnati Real Estate Moving in the Right Direction

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Well the latest sales stats for the four counties that comprise the greater Cincinnati real estate market are bouncing ahead of last year’s numbers.   According to data pulled from the CincyMLS,
Greater Cincinnati Home Sales by County

Across the board, sellers are experiencing higher average sale prices through July of this year over the same time frame in 2012.

  2012   2013  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 1988 $139,883 2484 $153,241
Clermont 1132 $161,642 1372 $176,784
Hamilton 4248 $161,868 5149 $179,389
Warren 1288 $214,816 1544 $219,902
         

Buyer demand for houses and condos continues and while the average sale prices for single family homes in greater Cincinnati continue to out perform last year, the average sale price is still lower than it was during the height of the real estate market.  The number of foreclosures seems to be shrinking however approximately  35% of  the properties sold in greater Cincinnati are considered “distressed properties”.  According to RealtyTrac the national  average sale price of a house vs. a foreclosed property is impacting the “average sale price” in almost every market- and will continue to impact local real estate sale prices for quite some time.

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