Average home sale and median sale prices increased during May in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana. Sales units decreased from May 2017 due to a lack of homes on the market for sale. Many homes are selling quickly due to the limited inventory. Here is our report for the month:

Cincinnati
May 2018 recorded the third-most home sales for the month since 2005.

May 2018 vs May 2017

• -4.32% Decrease in homes sold (2,594 homes vs 2,711 homes)
• 9.77% Increase in average sale price ($291,293 vs $199,770)
• 12.44% Increase in median sale price ($179,900 vs $160,000)
• 5.04% Increase in gross sales volume ($568,846,781 vs $541,576,482)

January – May 2018 vs January – May 2017

• -1.62% Decrease in homes sold (9,745 homes vs 9,905 homes)
• 6.81% Increase in average sale price ($207,321 vs $168,500)
• 8.71% Increase in median sale price ($168,500 vs $155,000)
• 5.08% Increase in gross sales volume ($2,020,338,680 vs $1,922,607,886)

Statistics courtesy of Cincinnati Area Board of Realtors May 2018 Home Sales Report

Dayton
Average sale price, median sale price and sales volume increased in May in the Dayton region.

May 2018 vs May 2017

• -1.91% Decrease in homes sold (1,595 homes vs 1,626 homes)
• 8.62% Increase in average sale price ($171,061 vs $157,488)
• 8.25% Increase in median sale price ($145,000 vs $133,950)
• 6.55% Increase in sales volume ($272,842,039 vs $256,075,029)

January – May 2018 vs January – May 2017

• 1.06% Increase in homes sold (6,087 homes vs 6,023 homes)
• 5.20% Increase in average sale price ($158,571 vs $150,735)
• 4.65% Increase in median sale price ($135,000 vs $129,000)
• 6.32% Increase in sales volume ($965,223,185 vs $907,874,053)

Statistics courtesy of Dayton Area Board of Realtors May 2018 Home Sales Report

Northern Kentucky
Throughout May, sales units, average sale price, median sale price and sales volume increased in Northern Kentucky.

May 2018 vs May 2017

• -17.06% Decrease in homes sold (632 homes vs 762 homes)
• 8.15% Increase in average sale price ($197,809 vs $182,902)
• 8.41% Increase in median sale price ($170,200 vs $157,000)
• -10.30% Decrease in sales volume ($125,015,377 vs $139,371,517)

January – May 2018 vs January – May 2017

• -6.04% Decrease in homes sold (2,660 homes vs 2,831 homes)
• 8.58% Increase in average sale price ($188,305 vs $173,268)
• 9.27% Increase in median sale price ($165,000 vs $151,000)
• 2.11% Increase in sales volume ($500,893,138 vs $490,522,534

Statistics courtesy of Northern Kentucky Association of Realtors May 2018 Home Sales Report

Southeastern Indiana
Indiana had an increase in average sale and median sale prices in May.

May 2018 vs May 2017

• -23.5% Decrease in homes sold (101 homes vs 132 homes)
• 8.5% Increase in average sale price ($175,134 vs $161,340)
• 12.8% Increase in median sale price ($149,900 vs $135,000)
• -16.9% Decrease in sales volume ($17,688,500 vs $21,296,838)

January – May 2018 vs January – May 2017

• -0.2% Decrease in homes sold (455 homes vs 456 homes)
• 5.7% Increase in average sale price ($228,833 vs $191,988)
• 11.0% Increase in median sale price ($149,900 vs $135,000)
• 5.4% Increase in sales volume ($72,306,310 vs $68,570,499)

Statistics courtesy of Rick McMillin – Southeastern Indiana Board of Realtors MLS Homes Sold Report dated June 20 2018.

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