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

花火8There is still strong interest for homes for sale through this challenging time of COVID-19. Low interest rates and a low inventory of available homes for sale have continued the fast-paced home-buying market.

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

CINCINNATI / SOUTHEASTERN INDIANA

Home sales did well with the circumstances of COVID-19 restrictions. The average home price rose 4.9%. Although showings decreased in the first half of the month due to stay-at-home orders, the latter half of April saw an increase of showings to pre-pandemic levels.

April 2020 vs April 2019

  • -20.21% Decrease in homes sold (1,907 homes vs 2,390 homes)
  • 4.90% Increase in average sale price ($233,430 vs $222,251)
  • 3.26% Increase in median sale price ($190,000 vs $184,000)
  • -16.40% Decrease in gross sales volume ($445,150,327 vs $531,824,239)

January–April 2020 vs January–April 2019

  • -3.66% Increase in homes sold (6,845 homes vs 7,105 homes)
  • 6.40% Increase in average sale price ($226,209 vs $222,521)
  • 4.90% Increase in median sale price ($190,000 vs $184,000)
  • 2.51% Increase in gross sales volume ($1,548,402,985 vs $1,510,510,302)

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

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DAYTON

With the COVID-19 pandemic home sales decrease din April. However, the Dayton region did see an increase in average and median home sale prices – encouraging news for those thinking about selling their homes.

April 2020 vs April 2019

  • -22.24% Decrease in homes sold (1,372 homes vs 2,042 homes)
  • 6.27% Increase in average sale price ($187,564 vs $176,501)
  • 8.67% Increase in median sale price ($163,000 vs $150,000)
  • -17.36% Decrease in sales volume ($212,509,712 vs $257,162,074)

January–April 2020 vs January–April 2019

  • -.94% Decrease in homes sold (5,840 homes vs 6,336 homes)
  • 10.15% Increase in average sale price ($179,691 vs $163,127)
  • 11.44% Increase in median sale price ($154,900 vs $139,000)
  • 9.12% Increase in sales volume ($796,208,924 vs $729,666,487)

Statistics courtesy of Dayton Realtors April 2020 Home Sales Report

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NORTHERN KENTUCKY

Although home sales decreased for the month (due to COVID-19), average and median sale prices rose. This is encouraging news to people thinking of selling their homes.

April 2020 vs April 2019

  • -18.60% Decrease in homes sold (499 homes vs 613 homes)
  • 11.16% Increase in average sale price ($217,501 vs $195,672)
  • 12.39% Increase in median sale price ($ 195,000 vs $173,500)
  • -9.52% Decrease in sales volume ($108,533,417 vs $119,946,953)

January–April 2020 vs January–April 2019

  • -2.44% Decrease in homes sold (1,961 homes vs 2,010 homes)
  • 11.25% Increase in average sale price ($214,837 vs $193,115)
  • 9.85% Increase in median sale price ($184,000 vs $167,500)
  • 8.54% Increase in sales volume ($421,296,602 vs $388,162,982)

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

 

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