First Quarter 2022 Cincinnati Condo Sales
First Quarter 2022 Cincinnati Condo Sales
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Condo sales for the first quarter compared to 2021.
Property Sales
March Property sales were 222, down -10.5% from 248 in March of 2021 and 24.7% higher than the 178 sales last month. March 2022 sales were at a mid-level compared to March 2021 and 2020. March YTD sales of 584 are running -2.7% behind last year’s year-to-date sales of 600.
Prices
The Median Sales Price in March was $195,000, up 25.8% from $155,000 in March of 2021 and up 11.4% from $175,000 last month. The Average Sales Price in March was $234,120, up 23.3% from $189,827 in March of 2021 and up 13.7% from $205,836 last month.
March 2022 ASP was at its highest level compared to March 2021 and 2020
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 20, down -20.0% from 25 days last month and down -28.6% from 28 days in March of last year. The March 2022 DOM was at its lowest level compared with March 2021 and 2020
A comparison of the average sale price for condo/townhome sales:
| 2021 | 2022 | |||
| # Sold | Average Sales Price | # Sold | Average Sales Price | |
| MLS | 601 | $185,510 | 584 | $212,510 |
| Butler | 122 | $154,490 | 104 | $165,209 |
| Clermont | 63 | $156,124 | 84 | $207,808 |
| Hamilton | 326 | $196,734 | 320 | $227,533 |
| Warren | 67 | $234,858 | 61 | $234,530 |
For in-depth reports on sale prices in your complex or neighborhood-send a request for a full market evaluation? Anything else – Call/Txt
