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

花火8Although this is a challenging time, real estate remains strong with low interest rates and a constantly rotating inventory of homes for sale. There are plenty of buyers in the market now looking for a home. Take a look at our regional home sales report for March 2020.

During this concerning time of Coronavirus, please take advantage of Sibcy Cline’s weekly Virtual Open House Weekend tours on Facebook.

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Sibcy Cline is also promoting a #HighlightReel with our homes sellers’ favorite images of their homes on http://www.sibcycline.com. It’s an expressive way to see an interesting photo of home for sale right from your own home!

Here is a report by region of homes sales throughout March 2020:

CINCINNATI / SOUTHEASTERN INDIANA

Home sales in the region were strong and down just slightly as compared to March 2019. Average home sale prices continue to increase.

March 2020 vs March 2019

  • -.45% Decrease in homes sold (1,987 homes vs 1,996 homes)
  • 13.12% Increase in average sale price ($231,986 vs $205,075)
  • 14.71% Increase in median sale price ($195,000 vs $170,000)
  • 12.61% Increase in gross sales volume ($460,955,271 vs $409,330,177)

January–March 2020 vs January–March 2019

  • 4.45% Increase in homes sold (4,925 homes vs 4,715 homes)
  • 7.67% Increase in average sale price ($223.485 vs $207,569)
  • 8.82% Increase in median sale price ($185,000 vs $170,000)
  • 12.46% Increase in gross sales volume ($1,100,662,113 vs $978,686,063)

Statistics courtesy of Cincinnati Area Board of Realtors March 2020 Home Sales Report

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DAYTON

Despite the COVID-19 pandemic, Dayton area saw a gain in home sales as well as average and median sale prices throughout March.

March 2020 vs March 2019

  • 11.76% Increase in homes sold (1,321 homes vs 1,182 homes)
  • 13.83% Increase in average sale price ($184,756 vs $162,314)
  • 17.09% Increase in median sale price ($161,000 vs $137,500)
  • 27.21% Increase in sales volume ($244,062,634 vs $191,855,727)

January–March 2020 vs January–March 2019

  • 9.33% Increase in homes sold (3,282 homes vs 3,002 homes)
  • 12.95% Increase in average sale price ($177,066 vs $156,761)
  • 13.06% Increase in median sale price ($151,500 vs $134,000)
  • 23.49% Increase in sales volume ($581,129,170 vs $470,596,213)

Statistics courtesy of Dayton Realtors March 2020 Home Sales Report

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NORTHERN KENTUCKY

Home sales decreased in March as compared to March 2019. Average and median sale prices increased.

March 2020 vs March 2019

  • -7.99% Decrease in homes sold (553 homes vs 601 homes)
  • 16.18% Increase in average sale price ($223,606 vs $192,467)
  • 12.02% Increase in median sale price ($192,000 vs $171,400)
  • 6.90% Increase in sales volume ($123,654,435 vs $115,672,892)

January–March 2020 vs January–March 2019

  • 3.22% Increase in homes sold (1,442 homes vs 1,397 homes)
  • 11.03% Increase in average sale price ($213,178 vs $191,994)
  • 9.09% Increase in median sale price ($180,000 vs $165,000)
  • 14.61% Increase in sales volume ($307,403,814 vs $268,216,029)

Statistics courtesy of Northern Kentucky Association of Realtors March 2020 Home Sales Report

 

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