March 2019 Home Sales Report for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

March home sales were still strong even though they did not surpass 2018 sales. Mortgage interest rates remain low. With home values still on the rise and a low inventory of homes for sale, it is a great time to sell your home. (Photo image: SC Photography Department: Covington, Kentucky riverfront Roebling murals.)

Here is a report by region of homes sales throughout March 2019:

Cincinnati
Sales were down by 5% as compare to March 2018. The average home priced dipped for the first time in 32 consecutive months by only .88%. Overall, year-to-date, home sales are holding steady and with an increase in average sale price increasing by almost 5%.

March 2019 vs March 2018

  • 5.3% Decrease in homes sold (1,980 homes vs 2,096 homes)
  • -.88% Decrease in average sale price ($104,372 vs $206,182)
  • .44% Increase in median sale price ($170,000 vs $169,250)
  • -6.6% Decrease in gross sales volume ($404,656,081 vs $432,157,436)

January–March 2019 vs January–March 2018

  • -5.10% Decrease in homes sold (4,693 homes vs 4,945 homes)
  • 4.56% Increase in average sale price ($207,066 vs $198,030)
  • 6.92% Increase in median sale price ($170,000 vs $159,000)
  • -.77% Decrease in gross sales volume ($971,761,275 vs $979,256,033)

Statistics courtesy of Cincinnati Area Board of Realtors March 2019 Home Sales Report

Dayton
In Dayton, the average sale price increase by 7%. Year-to-date, the average sale price has increased by 4.%.

March 2019 vs March 2018

  • -8.23% Decrease in homes sold (1,288 homes vs 1,709 homes)
  • 7.11% Increase in average sale price ($162,314 vs $151,537)
  • 5.77% Increase in median sale price ($137,500 vs $130,000)
  • -1.70% Decrease in sales volume ($191,855,727 vs $195,179,397)

January–March 2019 vs January–March 2018

  • -6.88% Decrease in homes sold (4,291 homes vs 4,608 homes)
  • 4.24% Increase in average sale price ($156,761 vs $150,378)
  • 4.44% Increase in median sale price ($134,000 vs $128,300)
  • 2.87% Increase in sales volume ($470,596,213 vs $457,449,647)

Statistics courtesy of Dayton Realtors March 2019 Home Sales Report

Northern Kentucky
The average sales price rose year-to-date by almost 4% as compared to 2018.

March 2019 vs March 2018

  • -1.52% Decrease in homes sold (582 homes vs 591 homes)
  • -.85% Increase in average sale price ($191,699 vs $193,239)
  • 3.67% Increase in median sale price ($171,061 vs $165,000)
  • -2.36% Decrease in sales volume ($111,511,728 vs $114,210,371)

January–March 2019 vs January–March 2018

  • -5.34% Decrease in homes sold (1,366 homes vs 1,443 homes)
  • 3.86% Increase in average sale price ($191,353 vs $184,247)
  • 2.17% Increase in median sale price ($165,000 vs $161,500)
  • -1.69% Decrease in sales volume ($261,388,823 vs $265,869,703)

Statistics courtesy of Northern Kentucky Association of Realtors March 2019 Home Sales Report

Southeastern Indiana
The Southeastern Indiana region had increases in average sale price (9.4%) and median sale price (23.0%) as compared to March 2018.

March 2019 vs March 2018

  • -2.0% Decrease in homes sold (97 homes vs 99 homes)
  • 9.4% Increase in average sale price ($165,117 vs $150,913)
  • 23.0% Increase in median sale price ($159,900 vs $130,000)
  • 7.2% Increase in sales volume ($16,016,325 vs $14,940,356)

January–March 2019 vs January–March 2018

  • -11.2% Decrease in homes sold (221 homes vs 249 homes)
  • 9.0% Increase in average sale price ($164,582 vs $151,013)
  • 18.9% Increase in median sale price ($157,500 vs $132,500)
  • -3.3% Decrease in sales volume ($36,372,626 vs $37,602,3235)

Statistics courtesy of Rick McMillin – Southeastern Indiana Board of Realtors MLS Homes Sold Report dated April 23, 2019.

Look at homes for sale.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s