Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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Cincinnati Real Estate Numbers for the 3rd Quarter

filed under: Real Estate posted on October 6th, 2015

2015 enters the home stretch and the Cincinnati real estate numbers for the 3rd quarter remain strong with a few blips in certain markets.

Gross sales dollars for single family home sales during the first 9 months of this year continues to outpace the same timeframe in 2104.

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

Cincinnati real estate

Buying and selling typically slow down in September as school, sports and other activities ramp up.  The number of homes available for sale as well how many have sold is shown below for September since 2012.

 

Inventory and sales Single Family Homes

The inventory has declined and the new listings and sales for September 2015 are less than the previous month – but if you look at September on the chart- the numbers are pretty much the same for each September for sales and new listings.  The number sold and the average sale prices continue to increase in all 4 counties.

  2014   2015  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 3105 $168,127 3353 $174,000
Clermont 1818 $176,036 1974 $187,104
Hamilton 6646 $185,035 7218 $191,893
Warren 1951 $239,704 2142 $249,585

The newest regulations covering loans went into effect on 10/3- deals in the piepline won’t be affected but any sale where the borrower applied for a mortgage loan should expect additional time between contract and closing.  Check with your agent for details.

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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