August 2016 home sales in Cincinnati were quite strong with a 11.37% increase as compared to August 2015. Mortgage interest rates are lower from one year ago. The inventory of homes for sale is still low. It is a great time to sell your home. Market values are still increasing and many home are selling quickly.

Here are the statistics:

August 2016 vs August 2015

• 11.37% Increase in homes sold (2,595 homes vs 2,330 homes)
• 16.47% Increase in gross sales volume
• 4.57% Increase in average sale price ($193,808 vs $185,330)
• 2.03% Increase in median sale price ($151,000 vs $148,000)

January  – August 2016 vs January – August 2015

• 6.37% Increase in homes sold (17,677 homes vs 16,618 homes)
• 10.52 Increase in gross sales volume
• 3.90% Increase in average sale price ($190,271 vs $183,130)
• 4.5% Increase in median sale price ($151,000 vs $144,500)

Statistics courtesy of: Cincinnati Area Board of Realtors, August 2016 Home Sales Report