Did April Home Sales Drop in Cincinnati?

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April single-family home sales in Greater  Cincinnati are miraculous!

First the weekly report on real estate activity:

April closings reflect sales from February and March.  
Board of Relator Report

As predicted last month the impact of social distancing and jobs was not full-blown until mid-March.  So slowing sales will start to appear in April closings.

Sales/closings were really robust when you consider the “shelter-in-place” and concern over how to safely show a property.  Real estate isn’t back to normal but I think the numbers show a high-level of consumer interest and willingness to work through a “no-touch” deal.

April property sales were down -20.5% from April 2019 and -5.6% lower than last month.

Property Sales  

The median sale price rose +5.3% compared to April 2019 and down -0.7% from last month.  The average sale price was up +4.4% from April 2019 and up +0.9% from last month.

Prices

The Days on Market (DOM) for April was 32 down -20.0% from 40 days last month.  It’s still a seller’s market!

Market Time

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April numbers reflect slight gains in 2 counties.  Single-family home sales volume for the 4 counties.  Data pulled from the CincyMLS.
bar chart of cincinnati single family home sales

The average sale price for single-family home sales continues to appreciate. 

20192020
# SoldAverage Sales Price# SoldAverage Sales Price
MLS 4266$213,7884430$228,435
Butler1243$208,7381158$216,278
Clermont732$222,064670$233,314
Hamilton2785$220,7802690$234,878
Warren782$286,173760$309,667

For in-depth reports on sale prices in your neighborhood-send a request for a full market evaluation?  Anything else – Call/Txt