Cincinnati Home Sales Up almost 5 Percent over Last Year for March

SuspensionBridge_Downtown_Dusk.jpgMarch 2016 Cincinnati home sales rose almost 5 percent for the month as compared to March 2015. Here are the statistics:

March 2016 vs March 2015

  • 4.55% Increase in homes sold (1,952 homes vs 1,867 homes)
  • 11.97% Increase in gross sales volume
  • 7.09% Increase in average sale price ($186,342 vs $173,997)
  • 2.54% Increase in median sale price ($141,500 vs $138,000)

January – March 2016 vs January – March 2015

  • 6.325% Increase in homes sold (4,976 homes vs 4,511 homes)
  • 10.37% Increase in gross sales volume
  • 3.82% Increase in average sale price ($172,799 vs $166,448)
  • 6.61% Increase in median sale price ($137,000 vs $128,500)

The demand for homes is strong and with a lower inventory of homes for sale, the average price of homes has risen. Many homes that are priced right and are in move-in condition are selling quickly.

Look at homes for sale. 
Statistics courtesy of: Cincinnati Area Board of Realtors March 2016 Home Sales Report

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