Local Home Sales Report: October 2020 – a Strong Sales Month!

October 2020 Home Sales Report

Home sales increased for all regions in October. In Greater Cincinnati, the area had the most home sales of any October on record. In Northern Kentucky, sales rose by almost 19% and in Dayton they increased by 14%.

Mortgage rates are low. Home values are high. It’s a great time to list your home for sale and for buyers to find their dream home.

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

CINCINNATI / SOUTHEASTERN INDIANA

October 2020 vs  October 2019

  • 13.14% Increase in homes sold (2,558 homes vs 2,261 homes)
  • 15.96% Increase in average sale price ($257,109 vs $221,720)
  • 18.99% Increase in median sale price ($213,000 vs $179,000)
  • 31.19% Increase in gross sales volume ($657,684,046 vs $501,309,010)

January–October 2020 vs January–October 2019

  • .78% Increase in homes sold (22,155 homes vs 21,984 homes)
  • 9.07% Increase in average sale price ($246,490 vs $225,997)
  • 11.41% Increase in median sale price ($205,000 vs $184,000)
  • 9.92% Increase in gross sales volume ($5,460,996,226 vs $4,968,319,668)

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

DAYTON

October 2020 vs October 2019

  • 14.26% Increase in homes sold (1,651 homes vs 1,445 homes)
  • 15.47% Increase in average sale price ($206,007 vs $178,412)
  • 19.93% Increase in median sale price ($179,900 vs $150,000)
  • 31.93% Increase in gross sales volume ($340,117,884 vs $257,805,736)

January–October 2020 vs January–October 2019

  • 2.14% Increase in homes sold (14,349 homes vs 14,048 homes)
  • 10.92% Increase in average sale price ($196,415 vs $177,081)
  • 11.12% Increase in median sale price ($169,900 vs $152,900)
  • 13.29% Increase in sales volume ($2,818,351,913 vs $2,487,636,851)

Statistics courtesy of Dayton Realtors October 2020 Home Sales Report

NORTHERN KENTUCKY

October 2020 vs October 2019

  • 18.91% Increase in homes sold (761 homes vs 640 homes)
  • 9.90% Increase in average sale price ($235,200 vs $214,016)
  • 13.57% Increase in median sale price ($210,000 vs $184,900)
  • 30.68% Increase in sales volume ($178,987,272 vs $136,970,453)

January–October 2020 vs January–October 2019

  • 3.32% Increase in homes sold (6,403 homes vs 6,196 homes)
  • 9.58% Increase in average sale price ($226,957 vs $207,112)
  • 12.36% Increase in median sale price ($200,000 vs $178,000)
  • 13.22% Increase in sales volume ($1,453,208,585 vs $1,283,474,621)

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

Look for homes for sale here.

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