April single-family home sales still rising!

The number of properties sold in April 2022 was 2,146, up 7.09% from 2,004 in the previous month and -5.21% lower than 2,264 in April 2021.

The April 2022 sales were at a mid-level compared to April 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 April 2022 was $247,250, equal to the previous month and 5.21% higher than $235,000 in April 2021. The April 2022 median sales price was at its highest level compared to April 2021 and 2020.

The average sales price in April 2022 was $297,193, up 1.32% from $293,323 in the previous month and 4.60% higher than $284,115 in April 2021. The April 2022 average sale price was at its highest level compared to April 2021 and 2020.

Prices

The average days on the 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 towards a buyer’s market, and a downward trend tends to indicate a move toward a seller’s market.

The DOM for April 2022 was 16 days, down -33.33% from 24 days from the previous month and -15.79% lower than 19 days from April 2021. The April 2022 DOM was at its lowest level compared with April 2021 and 2020.

Market Time

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Total dollar sales volume for single-family homes.  Data pulled from the Realty Alliance of Greater Cincinnati MLS.

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