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