No surprise that single-family home prices are going up in Cincinnati.

Prices for single-family homes have climbed every single year since 2015.   The average sale price data compliments the Multiple Listing Service of Greater Cincinnati for 2015 to the end of June 2024.

The average sale price for the year 2015 was $186,364.  During the first 6 months of 2024,  the average sale price is $353,468.

Search

While rising home values are good not everybody is feeling the love.

The average sale price has nearly doubled since 2024.  Many sellers with low-cost mortgages don’t want to sell.  The good news the Federal Reserve should lower interest rates in the fall- and more listings will hit the market.

A simple reminder if you are shopping for a home and are pre-approved for a loan- don’t wait.  Lower interest rates occasionally encourage sellers to raise the listing prices since buyers can afford more.

Try to forget the noise in the media and concentrate on house-hunting in our area.  Real Estate is local and conditions in California have nothing to do with local sales.

For more information