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.

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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  
graph of home sales in cincinnati

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!

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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 home sales in cincinnati

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

20192020
# SoldAverage Sales Price# SoldAverage Sales Price
MLS 8663$223,2777834$234,707
Butler1740$211,1351510$220,669
Clermont1010$223,940896$234,531
Hamilton3806$227,5413443$238,635
Warren1091$290,602971$311,657

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