Cincinnati’s Home Sales Up Six Percent in December and Over Seven Percent for 2016!

cincinnatisales2016Cincinnati home sales remained very strong in December with a 6.02% increase as compared to home sales in December 2015. Overall for 2016, homes sales increased 7.46% for the year.

In 2016 home sales (with 26,114 units sold) almost matched the record-breaking year of 2005 when sales peaked at 26,553 units. Throughout 2016, nine out of 12 months had record-high average prices of homes.

December 2016 vs December 2015

  • 6.02% Increase in sales units (1,937 homes vs 1,827 homes)
  • 12.84% Increase in sales volume ($368,686,941 vs $326,734,733)
  • 6.43% Increase in average sale price ($190,339 vs $178,837)
  • 4.56% Increase in median sale price ($149,000 vs $142,500)

January – December 2016 vs January – December 2015

  • 7.46% Increase in sales units (26,114 homes vs 24,302 homes)
  • 13.45% Increase in sales volume ($4,983,121,991 vs $4,392,271,525)
  • 5.58% Increase in average sale price ($198,882 vs $180,737)
  • 6.68% Increase in median sale price ($151,851 vs $142,345)

With a low inventory of available homes for sale, still-low mortgage interest rates and rising home values, now may be the right time to sell your home.

Look at homes for sale.

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

 

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