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Kathy S. Koops GRI

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Cincinnati Home Sales Up Nearly 8% in August

filed under: Real Estate posted on September 22nd, 2015

August Home Sale

The Cincinnati Area Board of Realtors released the latest numbers for Cincinnati home sale in August.  Sales had a 7.8% increase as compared to August 2014. The average sale price slipped slightly compared to last year- this year’s early start in many school districts may have impacted home buyers in August.

Mortgage rates remain low and the number of homes for sale is also very low.  As far as market conditions it’s still prime time to sell your existing home and buy a new one.

Cincinnati August Home Sales

August 2015 versus August 2014

  • 7.81% Increase in home unit sales (2,306 vs 2,139)
  • 5.27% Increase in sales volume
  • -2.35% Decrease in average sale price ($186,148 vs $190,630)

January – August 2015 versus January – August 2014

  • 7.14% Increase in home unit sales (16,571 vs 15,467)
  • 11.62% Increase in sales volume
  • 4.18% Increase in average sale price ($183,158 vs $175,802)

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