March Madness hit the Cincinnati single-family home sales! 

The number of properties sold in March 2022 was 1,969, up 25.81% from 1,565 in the previous month and -6.86% lower than 2,114 in March 2021.

The March 2022 sales were at their lowest level compared to March 2021 and 2020.

The Absorption Rate is the avg number of sales per month divided by the total number of available properties.

Property Sales & Absorption Rate

The median sales price in March 2022 was $247,475, up 4.42% from $237,000 in the previous month and 12.00% higher than $220,960 in March 2021. The March 2022 median sales price was at its highest level compared to March 2021 and 2020.

The average sales price in March 2022 was $293,009, up 3.23% from $283,848 in the previous month and 9.61% higher than $267,311 in March 2021.

The March 2022 average sale price was at its highest level compared to March 2021 and 2020.

Prices

The average days on market (DOM) is the number of days a property is on the market before it sells.

An upward trend in DOM tends to indicate a move toward a buyer’s market, and a downward trend tends to indicate a move towards a seller’s market. The DOM for March 2022 was 24 days, down -7.69% from 26 days from the previous month and -7.69% lower than 26 days from March 2021.

The March 2022 DOM was at its lowest level compared with March 2021 and 2020.

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Total dollar sales volume for single-family homes.  Data pulled from the CincyMLS.

The average sale price for single-family home sales continues to climb across all counties.  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