Cincinnati Home Sales Report for August 2014 – Great Time to Sell Your Home

BlueBridge_CityBuildings
Cincinnati unit home sales in August 2014 were down 14% from August 2013. Although sales units decreased, 2014 overall is looking strong with a 2% increase in sales volume and only a 2.5% decrease in units. (2013 homes had the highest number of unit sales since 2006.)

The average price is continuing to increase as a result of lower inventory levels, an increase in the number of buyers and low mortgage interest rates. It is a very good time to list a home to sell.

AugustSales_Cinti

August 2014 vs August 2013

  • -14.33% Decrease in sales units (2,110 vs 2,463)
  • -4.66% Decrease in sales volume
  • 11.29% Increase in average sale price ($190,795 vs $171,440)

January – August 2014 vs January – August 2013

  • -2.58% Decrease in sales units (15,429 vs 15,838)
  • 2.32% Increase in sales volume
  • 5.03% Increase in average sale price ($175,705 vs $167,285)

Statistics: August Home Sales Report, Cincinnati Area Board of Realtors

 

 

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