The average sales price for single family homes continues to outpace the same time frame when comparing the fist 11 months of 2015 to 2016. According to the Multiple Listing Service of Greater Cincinnati the average sale price for a single family home January- November of 2015 was $186,443 while this during the same time frame this year the price increased by +5.% to $196,476.
Single family home sales volume for the 4 counties. Data pulled from the CincyMLS.
All 4 counties sales volume and average sale price is higher than last year. The lack of homes for sale continues to cause problems for everybody-buyers, sellers, lenders, appraisers and agents.[table “” not found /]
Showing s and open houses continue to be busy and unlike past presidential elections-the housing market didn’t seem to be intimidated this time. Pending interest rate hikes and, oh no, the chance of snow could slow down sales in December. And in black and white today’s real estate market favors sellers with “priced right” listings.