Cincinnati Real Estate

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Kathy S. Koops GRI

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July Home Sales for Greater Cincinnati

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

July home sales for Greater Cincinnati slowing down.

Cincinnati real estate sales

Home sales continue to outpace the number of new listings which continues to drive up sale prices in some areas. July property sales were up +1.7% compared to July 2017.  Cincinnati sellers experienced a -12.4% from June of 2018.

Comparing the average sale price for single-family homes during the first 7 months of 2017 ($206,866) to 2018 ($222,184) our area experienced an increase of +6.9%.

Still suffering from fewer and fewer new listings of single-family homes.  Down nearly -6.4% compared to June 2018. 

Homes for sale in Cincinnati in July 2018

HomeSearch

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

July Home Sales Cincinnati

Good news for sellers the average sale price in all the counties continues to increase.

  2017   2018  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 2640 $191,488 2639 $206,630
Clermont 1503 $207,950 1506 $218,393
Hamilton 5940 $213,261 5811 $230,746
Warren 1697 $267,705 1722 $288,525

Sales continue but the market is sending off signals of slowing down.  The slowdown could be due to lack of homes for sale, vacations or slightly higher interest rates.  

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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