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.
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.
The Days on Market (DOM) for April was 32 down -20.0% from 40 days last month. It’s still a seller’s market!
April numbers reflect slight gains in 2 counties. 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.
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