Cincinnati Luxury Sales

Cincinnati Luxury Sales

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photo of luxury home living room

Photo by Curtis Adams from Pexels

Cincinnati is following national trends of surging luxury home sales during Covid.

In the Cincinnati, real estate market closing on single-family homes is up about 1% from the same timeframe in 2019 (01/01/19 to 10/31/19 vs 01/01/20 to 10/31/20).  Total MLS single-family homes 19,568 in 2019 vs 19,748 in 2020.

Locally, luxury homes priced at $500,000 and up increased by +15.5% over last year.

And according to Multiple Listing of Greater Cincinnati sales/closings of single-family homes priced $500,000 and up soared in all 4 counties.

County20192020% Change
Butler 104123+15%
Clermont 74 99+25%


COVID demands on space inside homes seem to be fueling higher-priced sales.  Normally homes with pools are not a hot ticket item in winter but with a 6 month to 1-year wait for a pool installation- buyers are snapping up properties with in-ground pools.  

However, don’t confuse the fast-selling market as an opportunity to overprice your property.  In the 4 county area according to the Cincy MLS, the days on market for single-family homes sold 1/1 through 10/31 this year is 59 DOM.  Current pending sales (sold but not closed) is 91 DOM.  So the market may be slowing down slightly.  The most eye-opening number is 1029 DOM the longest it took a home to sell. 

Whatever is behind the surge will probably extend for the next several months- only time will tell.  Shortage of available homes and a weakening economy may impact the 2021 real estate market.

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