Local Real Estate Sales Report for May 2021

May 2021 home sales report

Throughout May, Cincinnati’s average sale price set a record at $289,800. The median sales price of $240,000 set another record. Sales volume increased by almost 40% and set a record for May stats. In Dayton, home sales increased by 14% from May 2020. The average sale price increased by 19%. In Northern Kentucky, home sales rose by almost 15%.

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 May 2021:

CINCINNATI OHIO / SOUTHEASTERN INDIANA

May 2021 vs May 2020

  • 15.2% Increase in homes sold (2,271 homes)
  • 18.9% Increase in median sale price ($240,000)
  • 39.6% Increase in sales volume ($658,135,373)
  • -43.9% Decrease in active homes for sale (1,585 units)
  • 1.4% Increase in new listings (2,923 units)

January–May 2021 vs January–May 2020

  • 8.6% Increase in homes sold (9,624 homes vs 8,863)
  • 17.3% Increase in median sale price ($222,825 vs $189,900)
  • 27.7% Increase in sales volume ($2,593,681,935 vs $2,031,412,519)

Statistics courtesy of Cincinnati Area Board of Realtors® May 2021 Home Sales Report

DAYTON AND SPRINGFIELD OHIO

May 2021 vs May 2020

  • 14.86% Increase in homes sold (1,476 units vs 1,740 units)
  • 19.09% Increase in average sale price ($223,363 vs $188,935)
  • 16.84% Increase in median sale price ($195,000 vs $166,900)
  • 38.42% Increase in gross sales volume ($336,060,000 vs $242,781,843)
  • 2.99% Increase in new listing units (1,792 vs 1,740)

    Year to Date:
    8.03% Increase in unit homes sold (6,204 vs 5,743)
    15.67% Increase in average sale price ($210,049 vs $181,599)
    24.95% Increase in gross sales volume ($1,303,142,463 vs $1.042,922,477)

Statistics courtesy of Dayton Realtors May 2021 Home Sales Report

NORTHERN KENTUCKY

May 2021 vs May 2020

  • 17.87% Increase in homes sold (686 homes vs 582 homes)
  • 22.73% Increase in average sale price ($264,784 vs $215,745)
  • 21.05% Increase in median sale price ($230,000 vs $190,000)
  • 44.66% Increase in sales volume ($181,642,583 vs $125,563,950)

January – May 2021 vs January – May 2020

  • 11.63% Increase in homes sold (2,899 homes vs 2597 homes)
  • 15.70% Increase in average sale price ($248,881 vs $215,998)
  • 17.58% Increase in median sale price ($217,515 vs $185,000)
  • 29.15% Increase in sales volume ($721,448,581 vs $558,610,925)
  • Statistics courtesy of Northern Kentucky Association of Realtors® May 2021 Home Sales Report

    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