The region’s June 2017 home sales showed positive news with most of the market area showing an increase in the average sale price and number of homes sold. Dayton, Ohio set an all-time record with its average sale price at $168,771. In Cincinnati, the average sale price rose for the 13th consecutive month and that price of $222,216 set a new record value for the month of June. Although fewer homes sold in Northern Kentucky, during June, the average sale price rose by over 5%.  In Southeastern Indiana, home sales declined a bit for the month, but year-to-date the trend is for higher sales and average sale price in that market area.

It’s a great time to buy and sell homes. Mortgage interest rates are still low. Many homes that are in move-in ready condition and priced correctly for their market area are selling quickly .

Here are the statistics:

Cincinnati

June 2017 vs June 2016

• 1.04%% Increase in homes sold (2,810 homes vs 2,781)
• 4.72% Increase in average sale price ($222,216 vs $212,201)  – Setting a record for June!
• 4.76% Increase in median sale price ($174,950 vs $167,000)
• 5.81% Increase in gross sales volume ($624,425,918 vs $590,130,872)

January – June 2017 vs January – June 2016

• 1.11% Increase in homes sold (12,698 homes vs 12,559)
• 6.32% Increase in average sale price ($200,271 vs $188,360)
• 6.6% Increase in median sale price ($159,900 vs $150,000)
• 7.50% Increase in gross sales volume ($2,543,035,796 vs $2,365,617,223)

Dayton

June 2017 vs June 2016

• .66% Increase in homes sold (1,690 homes vs 1,679)
• 4.58% Increase in average sale price ($168,771 vs $161,380)  – Setting an all-time record!
• 5.47% Increase in median sale price ($144,500 vs $137,000)
• 5.27% Increase in sales volume ($285,222,709 vs $270,956,666)

January – June 2017 vs January – June 2016

• 3.62% Increase in homes sold (7,757 homes vs 7,486)
• 6.43% Increase in average sale price ($154,374 vs $145,046)
• 5.60% Increase in median sale price ($132,000 vs $125,000)
• 10.28% Increase in sales volume ($1,197,478,652 vs $1,085,811,300)

Northern Kentucky

June 2017 vs June 2016

• -1.66% Decrease in homes sold (710 homes vs 722)
• 5.01% Increase in average sale price ($192,624 vs $183,440)
• 1.89% Increase in median sale price ($167,300 vs $164,200)
• 3.26% Increase in sales volume ($146,763,708 vs $132,443,728)

January – June 2017 vs January – June 2016

• 5.09% Increase in homes sold (3,491 homes vs 3,322)
• 3.69% Increase in average sale price ($177,045 vs $170,746)
• 2.60% Increase in median sale price ($153,900 vs $150,000)
• 8.96% Increase in sales volume ($618,067,331 vs $567,220,517)

Southeastern Indiana

June 2017 vs June 2016

• -7.6% Decrease in homes sold (122 homes vs 132)
• -1.3%Decrease in average sale price ($157,554 vs $159,622)
• -3.1% Decrease in median sale price ($140,050 vs $144,475)
• -8.8% Decrease in sales volume ($19,221,640 vs $21,070,079)

January – June 2017 vs January – June 2016

• 3.0% Increase in homes sold (578 homes vs 561)
• 7.0% Increase in average sale price ($158,743 vs $148,360)
• -1.8% Decrease in median sale price ($135,000 vs $137,500)
• 5.5% Increase in sales volume ($87,792,130 vs $83,229,979)

Look at homes for sale in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.