Cincinnati Real Estate

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Kathy S. Koops GRI

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Are Greater Cincinnati Homes Selling?

filed under: Real Estate posted on February 11th, 2016

Sale Pending in Cincinnati

Are greater Cincinnati homes selling? Good question as “the freeze” drops itself onto the local real estate market. Thankfully the freeze only describes the weather and not home sales.

Breaking down the pending sales single family homes, using data from The Multiple Listing Service of Greater Cincinnati, the chart below shows:

  • price range
  • # of pending sales from 1/1/16 through 2/9/16
  • average list price of the pending sale within the price range
  • DOM = days on market during the listing period and CDOM = Cumulative number of days on the market (may have been listed and relisted) which is a more accurate number when trying to find out how long it takes for a home to sell.
    Cincinnati Real Estate Sales

By and large the highest price ranges are taking the longest to sell and the reasonable price ranges are racking a huge number of accepted contracts form motivated buyers. ¬†And if you’re thinking about selling and looking at the days on market- remember those are averages- many homes sell faster and some take longer.

In short pending sales on single family homes in greater Cincinnati continues at a robust pace and the lack of properties for sale continues to hold back some motivated buyers from house hunting.

HomeSearch sibycline.com coldwellbanker.com zillow.com

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