March Home Sales In Cincinnati
March Home Sales In Cincinnati
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March single-family home sales in Greater Cincinnati springing forward.
March closings reflect sales from January and February. The impact of social distancing and jobs was not full-blown until mid-March. So slowing sales will start to appear in April closings.
Agents continue to deal with anxious buyers backing out of deals after waiting months to find their dream home. I
The median sale price rose +14.3% compared to March 2019 and up +9.3% from last month. The average sale price was up +12.9% from March 2019 and up +9.3% from last month.
Prices
The number of new listings increased by +21.3% from last month. And down -6.7% compared to March 2019.
Inventory / New Listings / Sales
Market Time
The average Days on Market (DOM) for March was 40 down -11.1% from last month and down -11.1% from March 2019. It’s still considered a seller’s market.
February numbers show gains in all the counties but Butler. Single-family home sales volume for the 4 counties. Data pulled from the CincyMLS.
The average sale price for single-family home sales continues to appreciate.
| 2019 | 2020 | |||
| # Sold | Average Sales Price | # Sold | Average Sales Price | |
| MLS | 4181 | $212,957 | 4364 | $228,246 |
| Butler | 858 | $205,440 | 837 | $208,415 |
| Clermont | 486 | $214,974 | 470 | $231,325 |
| Hamilton | 1831 | $218,246 | 1937 | $231,325 |
| Warren | 506 | $271,171 | 551 | $309,751 |
For in-depth reports on sale prices in your neighborhood-send a request for a full market evaluation? Anything else – Call/Txt
