Cincinnati Real Estate

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Kathy S. Koops GRI

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First Quarter Single Home Sales Results for Greater Cincinnati

filed under: Stats posted on April 15th, 2014

2014 home sales in the Cincinnati area continue to send mixed messages about the health of the local real estate market.

Sunnier Days Ahead for Greater Cincinnati

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Cincinnati single family home sales continued to follow February’s trend with sales volume in Hamilton and Warren Counties edging ahead of 2103 and for the second month in a row Butler and Clermont Counties lost ground.  According to data pulled from the CincyMLS.

Greater Cincinnati Single Family Homes Sales Volume

The quarter ended well with all the counties experiencing average sale prices in 2014 exceeded 2013 – a good sign that while the overall sales volume may be lower but prices are inching up -just a little.

  2013   2014  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 890 $137,883 753 $143,902
Clermont 434 $158,445 447 $159,806
Hamilton 1648 $156,190 1562 $174,775
Warren 466 $198,073 449 $226,877

Hopefully with winter sending in the last blast, sellers waiting for spring will finally get off the fence and start listing their properties for sale.  Sounding like a broken record-the continued lack of new listings (waiting till the real spring) continues to impacts buyers who are are ready to buy.

Remember real estate is local and while some parts of the country are experiencing a real estate boom, we’re marching along at our own pace. And that’s a good thing because we don’t want skyrocketing prices today to be followed by a roller coaster of ups and downs in real estate values.

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