Cincinnati Home Sales are Up 4 Percent in April

house growth

It’s spring and homes are selling in Cincinnati, Ohio! April home sales had a 4.5% increase as compared to April 2013. The average sale price has been increasing year-over-year for 26 consecutive months. (More buyer activity and low interest rates have pushed home prices higher.)

In the region there was an 8% increase in new listings. However, current home inventory is down 9% as compared to one year ago: 9, 232 current listings versus 10,148 listings.  It’s a great time to list a home to sell.

CABR_AprilHomeSales2014

April 2014 versus April 2013

  • 4.55% Increase in units sold (2,033 vs 1,935)
  • 5.97% Increase in average sale price ($166,025 vs $156,676)
  • 10.73% Increase in sales volume

Year-To-Date January – April 2014 versus January – April 2013

  • -2.44% Decrease in units sold (6,192 vs 6,347) – Winter plays a factor here
  • 5.73% Increase in average sale price ($158,782 vs $150,172)
  • 3.15% Increase in sales volume

Statistics from: CIncinnati Area Board of Realtors Home Sales Report, April 2014

 

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