The final report on November 2020 single-family home sales for Greater Cincinnati. 

Closings are up compared to last year but down from October 2020. 

CABR Numbers

November Property sales were 1,936, up +14.8% from 1,687 in November of 2019 and -15.6% lower than the 2,295 sales last month. November 2020 sales were at their highest level compared to November of 2019 and 2018. November YTD sales of 21,696 are running +2.2% ahead of last year’s year-to-date sales of 21,220.

Property Sales  

The median sale price rose +20.0% compared to October 2019 and down -2.2% from last month.  The average sale price was up +16.3% from October 2019 and up +0.8% from last month.

The Median Sales Price in November was $225,000, up +18.7% from $189,500 in November of 2019 and up +2.3% from $220,000 last month.
The Average Sales Price in November was $259,812, up +9.9% from $236,434 in November of 2019 and down -2.1% from $265,314 last month.

November 2020 Average Sale Price was at highest level compared to November of 2019 and 2018.

Prices

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells.

An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for November was 21, down -8.7% from 23 days last month and down -43.2% from 37 days in November of last year.

The November 2020 DOM was at its lowest level compared with November of 2019 and 2018.

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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. 

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