March madness hit the local real estate market!

Source: pexels-skitterphoto-9256

Property Sales

March Property sales were 1,830, up 2.6% from 1,783 in March of 2020 and 30.5% higher than the 1,402 sales last month. March 2021 sales were at their highest level compared to March of 2020 and 2019. March YTD sales of 4,622 are running 5.0% ahead of last year’s year-to-date sales of 4,400.

Prices

The Median Sales Price in March was $230,000, up 15.0% from $200,000 in March of 2020 and up 8.0% from $213,000 last month. The Average Sales Price in March was $277,135, up 16.4% from $238,116 in March of 2020 and up 7.6% from $257,654 last month. March 2021 ASP was at highest level compared to March of 2020 and 2019..

Market Time

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 March was 26, down -7.1% from 28 days last month and down -35.0% from 40 days in March of last year. The March 2021 DOM was at its lowest level compared with March of 2020 and 2019.

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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 climb although the number of sales in Butler County dropped slightly compared to last year.

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