Can’t beat the numbers. Once again August 2020 home sales broke the record for the most home sales of August 2018 and 2019. Closings in August were up +8.8% compared to August 2019. However, sales were down -3.0% from last month.
The median sale price rose +20.1% compared to August 2019 and up +1.7% from last month. The average sale price was up +14.9% from August 2019 and down – 2.2% from last month.
The Days on Market (DOM) for August was 25 days down – 13.9% from last month. The August DOM was at its lowest level compared with August 2019 and 2018.
Home prices continue to climb for single-family homes. Data pulled from the CincyMLS.
The average sale price for single-family home sales continues to appreciate.
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