Cincinnati Real Estate

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Kathy S. Koops GRI

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Cincinnati Home Sales Update

filed under: Real Estate posted on April 5th, 2016

The Cincinnati home sales update comparing the first 3 months of 2015 to 2016.

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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.

Cincinnati Homes for sale

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The number of homes available for sale is currently at its lower level in 3 years.
Number of homes for sale in Cincinnati

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

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.

  2015   2016  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 797 $161,365 806 $171,175
Clermont 463 $171,787 506 $183,604
Hamilton 1819 $171,914 1844 $184,548
Warren 493 $227,629 474 $228,700

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

 

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