May Home Sales Report for Cincinnati
May Home Sales Report for Cincinnati
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May’s single-family home sales in Greater Cincinnati are chugging along.
As predicted last month the impact of social distancing and jobs was not full-blown until mid-March. So the slow down in sales started to appear in April, May, and June closings.
Sales/closings continue to be 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 continue to show a high level of consumer interest and willingness to work through a “no-touch” deal.
May home sales were down -26.3% from May 2019 and +3.3% higher than last month.
Property Sales
The median sale price rose +8.2% compared to May 2019 and up -6.1% from last month. The average sale price was up +4.0% from May 2019 and up +1.8% from last month.
Prices
The Days on Market (DOM) for May was 28 down -12.5% from 32 days last month. It’s still a seller’s market!
Market Time
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.
| 2019 | 2020 | |||
| # Sold | Average Sales Price | # Sold | Average Sales Price | |
| MLS | 8663 | $223,277 | 7834 | $234,707 |
| Butler | 1740 | $211,135 | 1510 | $220,669 |
| Clermont | 1010 | $223,940 | 896 | $234,531 |
| Hamilton | 3806 | $227,541 | 3443 | $238,635 |
| Warren | 1091 | $290,602 | 971 | $311,657 |
For in-depth reports on sale prices in your neighborhood-send a request for a full market evaluation? Anything else – Call/Txt
