Home sales in the Cincinnati region have remained steady with a 2.15% increase in home sales for October 2015 as compared to last year. Here are the statistics:
October 2015 vs October 2014
- 2.15% Increase in home sale units (2,044 homes vs 2,001 homes)
- .76% Increase in sales volume
- -2.85% Decrease in average sale price ($171,476 vs $176,500)
- -.37% Decrease in median sale price ($135,500 vs $136,000)
January – October 2015 vs January – October 2014
- 7.48% Increase in home sale units (20,899 homes vs 19,445 homes)
- 10.5% Increase in sales volume
- -2.81% Increase in average sale price ($181,217 vs $176,257)
- 4.38% Increase in median sale price ($143,000 vs $137,000)
Mortgage interest rates remain low and are lower than October 2014.
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Statistics courtesy of: Cincinnati Area Board of Realtors, Home Sales Report, October 2015