Sellers are learning the hard way to price competitively or sit on the market for an extended time. Even though buyers think there are not enough homes for sale -they won’t make offers on overpriced properties.
Sales outpace 2019 again! Once again September 2020 single-family home sales soared up +20.6% from September 2019. A repeat of last month, the sales for September 2020 were down -6.5% from August.
The median sale price rose +18,4% compared to September 2019 and down -3.9% from last month. The average sale price was up +12.8% from September 2019 and down – 1.9% from last month.
The Days on Market (DOM) for September was 21 days down – 16.% from last month. The September 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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