Cincinnati Real Estate

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Kathy S. Koops GRI

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Cincinnati Real Estate Numbers for October

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

Cincinnati real estate numbers for October 2018.

The number of homes for sale continues to decline.  We’re doing better than the first few months of 2018 but have a fewer number of homes for sale than October 2017.

Cincinnati Inventory October 2018
Comparing the average sale price for single-family homes during the first 10 months of 2017 ($207,452 ) to 2018 ($221,726) our area experienced an increase of +6.5%. Same as last month.  The median sale price for January through October 2017 was $167,500 versus $180,000 for the same time frame in 2018.  A +7% increase.  The rise in the median reflects the overall rise in sale prices throughout Greater Cincinnati.

HomeSearch

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

Cincinnati Single Family Home Sales 2018

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 3841 $194,321 3890 $207,368
Clermont 2296 $210,074 2189 $218,646
Hamilton 8592 $212,841 8438 $229,844
Warren 2545 $267,765 2464 $285,835

Year to date the average days on market remains at 34.  Very short market time for homes listed at the right price.

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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