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 November 22nd, 2016

Cincinnati home sales update is good news for Cincinnati sellers.

graph showing inventory numbers for homes for sale in Cincinnati

Overall it’s the same story line- too few homes for sale and lots of buyers still out house hunting.  – 34%  fewer homes for sale than October 2014 and -23% than October 2015.  Click here to view the lastest home sales report from the Cincinnati Board of Realtors.

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The average sales price for single family homes continues to outpace the same time frame when comparing the fist 10 months of 2015 to 2016.  According to the Multiple Listing Service of Greater Cincinnati the average sale price for a single family home January- October of 2015 was $186,843  while this during the same time frame this year the price increased by +5.% to $196,777.

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

graph of single family homes sales in Cincinnati

All 4 counties sales volume and average sale price is higher than last year.  As noted above the lack of homes for sale continues to cause problems for everybody-buyers, sellers, lenders, appraisers and agents.

  2015   2016  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 3791 $173,506 3944 $186,290
Clermont 2176 $185,195 2335 $197,206
Hamilton 8061 $190,239 8523 $200,989
Warren 2377 $249,741 2519 $254,277

Showing and listing activity were brisk during October.  November home sales might be impacted by colder weather, holiday shopping and slowly rising interest rates. The current real estate market continues to favor sellers with “priced right” listings.   

Do you have questions about Cincinnati home sales or prices in your neighborhood-send a request for a full market evaluation.  Anything else – Call/Txt

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