Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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2018 Home Sales for Greater Cincinnati

filed under: Real Estate posted on January 14th, 2019

2018 home sales update for greater Cincinnati.

The number of homes for sale continues to decline.  After a few good listing months in late summer/early fall of 2018 Cincinnati has fewer homes for sale than last year at this time. 
2018 Cincinnati real estate

Comparing the average sale price for single-family homes during 2017 ($207,582) to 2018 ($220,878) our area experienced an increase of +6.1%. The median sale price for 2017 was $167,500 versus $179,900 for 2018.  A +7% increase.  The median price is rising at a slightly higher pace than the average sale price- one way to look at affordability.  

Cincinnati property sales

December home sales were down -10.7% compared to December 2017.  The sales decline may signal a slight slowdown in the housing market.

HomeSearch

Single-family home sales volume for the 4 counties. Data pulled from the CincyMLS.
2018 Cincinnati real estate by county

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

  2017   2018  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 4513 $194,944 4415 $207,721
Clermont 2691 $209,235 2554 $218,508
Hamilton 10090 $211,584 9893 $227,822
Warren 3002 $272,887 2873 $285,994

Year to date the average days on market remains at 45 which is slightly less than last month’s 49 days.  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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