Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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Home Sales Volume for Greater Cincinnati

filed under: Sales posted on June 24th, 2014

According to the Cincinnati Area Board of Realtors latest report the number of 2014 home sales in the Cincinnati area are very close to 2013 but average sale prices continue to move upward in most areas.

Real estate Monthly Sales Report

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Cincinnati single family home sales continued to follow trend with sales volume in Clermont,Hamilton and Warren Counties slightly higher than 2103.  Unfortunately for some sellers, Butler County is lagging slightly behind last year’s sales volume.   According to data pulled from the CincyMLS.

Greater Cincinnati Single Family Home Sales

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 average sale prices continue to increase.

  2013   2014  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 1650 $145,087 1504 $155,377
Clermont 863 $167,735 889 $168,163
Hamilton 3325 $166,193 3264 $172,290
Warren 970 $214,434 893 $236,152

The number of short sale properties hitting the market continues to shrink- causing more problems with the shortage in the number of homes and condos for sale.  The latest S&P Case/Shiller report reflects a significant drop in sale prices from the previous report.  The report is a great indicator of the national trends in real estate. It will be interesting to see what’s happening in markets near us-since Cincinnati is not on the list of 20 closely analyzed cities.  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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