Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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Cincinnati Home Sale Update

filed under: Real Estate posted on September 19th, 2018

Greater Cincinnati home sale update for August 2018. 

Market Quest Data for Cincinnati real estate
August home sales were down -1.0% compared to August of 2017.  However, sales were up +3.3% from the previous month (July 2018).  

Comparing the average sale price for single-family homes during the first 8 months of 2017 ($216,319 ) to 2018 ($234,999) our area experienced an increase of +4.8%.  The average sale price dropped -3.5% from July 2018.

HomeSearch

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

Chart comparing 2017 to 2018 sales for single family homes in 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 3087 $193,895 3131 $208,865
Clermont 1801 $211,528 1770 $220,275
Hamilton 6906 $213,177 6811 $230,626
Warren 2014 $269,017 2005 $287,820

Sales continue but the market is sending mixed signals on pricing.  The average Days on Market (DoM) is at a record low down -6.3% from last month.  

The average DoM for this August was 30.  Listings on the market for months may need to reevaluate marketing and pricing strategies.

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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