Flash update on February home sales.

The overall number of homes for sale continues to decline -6.9%% compared to February 2018.  And -5.9% from January 2019.  February inventory homes is lower than it was in February 2017 and 2018. Good news is the number of new listings posted during February 2019 increased by +10% from January.

Comparing the average sale price for single-family homes through February 2018 ($197,182) to 2019 ($214,340) our area experienced an increase of +8%. The median sale price for 2018 was $159,900 versus $174,000 for 2019.  A +8% increase.  The median price is rising at a slightly at the same pace as the average sale price- one way to gauge affordability.  

February 2019 single family home sales were down -2.6% compared to February 2018. On the upside, sales were up by +17.7% over January 2019. Apparently cold weather cabin fever forced home buyers into the real estate market.

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

The average sale price for single-family home sales in all the counties continues to increase:

Do you have questions about sale prices in your neighborhood-send a request for a full market evaluation?  Anything else – Call/Txt