Cincinnati Real Estate

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Kathy S. Koops GRI

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59 Day Report on Cincinnati Home Sales

filed under: Real Estate posted on March 18th, 2017

In the four county area, Cincinnati home sale trends during during the first 59 days of 2017 showed a continued rise in the total number of single family homes sold as well as a higher average sale price. 

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4199 single family homes for sale with an average sale price during the first 59 days of $183,383.  The numbers below cover single family home sales volume for the 4 counties. Data pulled from the CincyMLS.

Bar Graph Cincinnati Single Family Home Sales Volume

All 4 counties started this year outpacing last year with higher dollar sales volume.  (last year’s report)

  2016   2017  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 449 $162,755 519 $177,521
Clermont 286 $172,419 297 $185,836
Hamilton 1050 $168,081 1087 $186,202
Warren 246 $224,142 314 $242,575

Until this week the weather and mortgage interest rates have been cooperating with the real estate market.  The hardest thing to overcome is the continued shortage of homes for sale in our area.  Anxious sellers are concerned that if their home sells quickly- they have no place to move.  While this is a huge issue, temporary housing arrangements have become the “in thing” in this market.  Short term rentals on furnished and unfurnished homes and apartments are available. 

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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