2020 real estate report card for single-family home sales in Greater Cincinnati. 

2020 is ending as a sweet year for real estate in Cincinnati!  More sales and higher average sale prices.

CABR Numbers

December Property sales were 2,032, up +21.1% from 1,678 in December of 2019 and +3.9% higher than the 1,955 sales last month. December 2020 sales were at their highest level compared to December of 2019 and 2018. December YTD sales of 23,794 are running +3.9% ahead of last year’s year-to-date sales of 22,899.

Property Sales  

The Median Sales Price in December was $220,000, up +17.6% from $187,000 in December of 2019 and down -2.2% from $225,000 last month. The Average Sales Price in December was $263,179, up +13.5% from $231,906 in December of 2019 and up +1.2% from $260,007 last month.

December 2020 ASP was at highest level compared to December 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 December was 23, up +9.5% from 21 days last month and down -39.5% from 38 days in December of last year.

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

Market Time

Buyers and sellers need to note the slightly lower average sale prices for December added to a higher number of days on the market as we headed into 2021.  This may signal a real slowdown or it could have been the holidays and the spike in COVID cases.  Either way, it affects sales and pricing for January.

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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