Cincinnati Home Sales Update
Cincinnati Home Sales Update
The Cincinnati home sales update comparing the first 3 months of 2015 to 2016.
Single family home sales continue at a rapid pace often leaving buyers in the middle of bidding wars in some neighborhoods. Comparing the average sale price for single family homes during the first the 1st quarter of 2015 –$170,532 versus $178,899 in 2016 a 4.7%+ increase.
The total number of listing continues to decline- much to the delight of sellers.
The number of homes available for sale is currently at its lower level in 3 years.
Single family home sales volume for the 4 counties. Data pulled from the CincyMLS.
3 of the counties remain ahead of last year. Warren County remains slightly below 2015 in average sale price even though the gross dollar volume and number of sales increased.
[table “” not found /]Tulips are blooming and spring has officially arrived so if your waiting for the right time to market your property….right now would probably bring great results. s As long as interest rates remain low – and buyers are not sidetracked by nice weather, baseball or the possibility of snow the greater Cincinnati real estate market will be hopping for the summer.
Do you have questions about sale prices in your neighborhood-send a request for a full market evaluation. Anything else – Call/Txt
