Update on 2019 Cincinnati Condo Sales
Update on 2019 Cincinnati Condo Sales
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2018 versus 2019 Cincinnati condo sales update.
December condo sales were up +3% over December 2018 and -16.3% from November 2019. Year-to-date sales are running -5% behind 2018.
Property Sales
The Selling Price vs Listing Price reflects the average amount Sellers agree to come down from their listing price. 2019 ended with a Selling Price vs List Price of 95.9%. So sellers were willing to negotiate as the year closed out.
Selling Price vs List Price:
Sales volume comparing year-to-date in the 4 counties. Data pulled from the CincyMLS.
The sales volume is one trend to follow but the average sale price is what most buyers and sellers always ask about. All four counties experienced higher average sale prices during 2019.
| 2018 | 2019 | |||
| # Sold | Average Sales Price | # Sold | Average Sales Price | |
| Butler | 475 | $120,812 | 493 | $137,749 |
| Clermont | 353 | $139,644 | 320 | $149,539 |
| Hamilton | 1634 | $172,962 | 1493 | $193,965 |
| Warren | 416 | $187,602 | 426 | $193,982 |
Rental prices continue to go up pushing some potential buyers into considering buying versus renting however the biggest drawback has been and will continue to be the shortage of condos for sale.
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