Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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May 2018 Home Sales Update

filed under: Real Estate posted on June 20th, 2018

May 2018 home sales update for Greater Cincinnati.

Cincinnati home sale may 2018

 

Home sales continue to outpace the number of new listings which continues to drive up sale prices in some areas.

Comparing the average sale price for single-family homes during the first 5 months of 2017 ($197,908) to 2018 ($213,463) our area experienced an increase of +7.3%.

Still suffering from fewer and fewer single family homes are for sale in Greater Cincinnati.  Down nearly -14% from the same time last year.

HomeSearch

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

Cincinnati home sales chart

 

The average sale price in all the counties continues to increase.

  2017   2018  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 1741 $183,402 1665 $202,551
Clermont 968 $199,676 982 $212,984
Hamilton 3871 $201,139 3743 $219,019
Warren 1103 $263,975 1093 $279,544

Scorching hot weather plus shrinking inventory will make for an interesting summer real estate market in greater Cincinnati. 

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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