September 2018 Home Sales Report for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

September 2018 Home Sales ReportHere is the September home sales report for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana. The low inventory of homes for sale has been a factor in the lower number of homes sold in all regions. Average and media sales prices remain high.

Cincinnati
Although September 2018 sales did not exceed September 2017’s numbers, the month was still one of the top three strongest months in the past 10 years.

September 2018 vs September 2017

  • -7.50% Decrease in homes sold (2,109 homes vs 2,280 homes)
  • 4.70% Increase in average sale price ($207,894 vs $198,567)
  • 6.88% Increase in median sale price ($171,000 vs $160,000)
  • -3.16% Decrease in gross sales volume ($438,449,223 vs $452,744,807)

January – September 2018 vs January – September 2017

  • -1.06% Decrease in homes sold (19,865 homes vs 20,078 homes)
  • 6.04% Increase in average sale price ($214,736 vs $202,505)
  • 7.30% Increase in median sale price ($174,900 vs $163,000)
  • 4.91% Increase in gross sales volume ($4,265,728,807 vs $4,065,895,821)

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

Dayton
Year-to-date, the Dayton region has had positive increases in homes sold, average and median sales prices as well as sales volume as compared to 2017.

September 2018 vs September 2017

  • -7.21% Decrease in homes sold (1,665 homes vs 1,710 homes)
  • 5.02% Increase in average sale price ($167,717 vs $1159,699)
  • 7.41% Increase in median sale price ($145,000 vs $135,000)
  • -2.55% Decrease in sales volume ($222,225,022 vs $228,050,163)

January – September 2018 vs January – September 2017

  • .98% Increase in homes sold (12,495 homes vs 12,374 homes)
  • 6.34% Increase in average sale price ($166,133 vs $156,227)
  • 6.64% Increase in median sale price ($142,900 vs $134,000)
  • 7.38% Increase in sales volume ($2,075,833,595 vs $1,933,148,167

Statistics courtesy of Dayton Realtors September 2018 Home Sales Report

Northern Kentucky
Average sales price, median sales price and sale volume were up September 2017.

September 2018 vs September 2017

  • -5.04% Decrease in homes sold (603 homes vs 635 homes)
  • 9.64% Increase in average sale price ($196,570 vs $179,282)
  • 5.00% Increase in median sale price ($168,000 vs $160,000)
  • 4.12% Increase in sales volume ($118,531,976 vs $113,844,185)

January – September 2018 vs January – September 2017

  • -1.31% Decrease in homes sold (5,488 homes vs 5,561 homes)
  • 7.52% Increase in average sale price ($193,776 vs $180,224)
  • 6.69% Increase in median sale price ($167,500 vs $157,000)
  • 6.11% Increase in sales volume ($1,063,443,610 vs $1,002,229,156)

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

Southeastern Indiana
The Southeastern Indiana region had increases in average and median sale prices in September. Year-to-date, this region is ahead on homes sold as compared to 2017.

September 2018 vs September 2017

  • -27.0% Decrease in homes sold (81 homes vs 111 homes)
  • 10.3% Increase in average sale price ($181,896 vs $164,868)
  • 6.0% Increase in median sale price ($168,500 vs $159,000)
  • -19.5% Increase in sales volume ($14,733,579 vs $18,300,402)

January – September 2018 vs January – September 2017

  • 2.3% Increase in homes sold 946 homes vs 925 homes)
  • 6.9% Increase in average sale price ($168,999 vs $1158,138)
  • 7.0% Increase in median sale price ($152,500 vs $142,500)
  • 9.3% Increase in sales volume ($159,872,986 vs $146,277,568)

Statistics courtesy of Rick McMillin – Southeastern Indiana Board of Realtors MLS Homes Sold Report dated October 19, 2018.

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