February 2020 Home Sales Report for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

花火8Take a look at our regional home sales report for February 2020. Home sales increased in all areas. Home values are still on the rise. See regional home-sale reports below.

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 February 2020:

CINCINNATI / SOUTHEASTERN INDIANA

Average home prices increased for the 11th straight month. February home sales were the second best on  record since 2006.

February 2020 vs February 2019

  • 6.65% Increase in homes sold (1,571 homes vs 1,473 homes)
  • .24% Increase in average sale price ($216,378 vs $215,861)
  • .06% Increase in median sale price ($176,600 vs $176,500)
  • 6.91% Increase in gross sales volume ($339,929,751 vs $317,963,445)

January–February 2020 vs January–February 2019

  • 7.58% Increase in homes sold (2,925 homes vs 2,719 homes)
  • 4.03% Increase in average sale price ($217,846 vs $209,399)
  • 3.88% Increase in median sale price ($176,500 vs $169,900)
  • 11.92% Increase in gross sales volume ($637,198,842 vs $569,355,886)

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

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DAYTON

In February, the Dayton area saw a gain in home sales as well as average and median sale prices.

February 2020 vs February 2019

  • 9.51% Increase in homes sold (1,002 homes vs 915 homes)
  • 9.22% Increase in average sale price ($175,085 vs $160,308)
  • 8.15% Increase in median sale price ($149,250 vs $138,000)
  • 19.60% Increase in sales volume ($175,434,750 vs $146,682,119)

January–February 2020 vs January–February 2019

  • 7.07% Increase in homes sold (2,794 homes vs 2,581 homes)
  • 12.81% Increase in average sale price ($172,389 vs $152,819)
  • 11.58% Increase in median sale price ($145,000 vs $129,950)
  • 20.78% Increase in sales volume ($334,089,446 vs $276,601,986)

Statistics courtesy of Dayton Realtors February 2020 Home Sales Report

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NORTHERN KENTUCKY

Home sales increased by over six percent in February. Average and median sale prices also increased.

February 2020 vs February 2019

  • 6.47% Increase in homes sold (461 homes vs 433 homes)
  • 8.99% Increase in average sale price ($207,561 vs $190,449)
  • 6.13% Increase in median sale price ($173,000 vs $163,000)
  • 16.03% Increase in sales volume ($95,686,062 vs $82,464,652)

January–February 2020 vs January–February 2019

  • 9.80% Increase in homes sold (874 homes vs 796 homes)
  • 8.15% Increase in average sale price ($207,250 vs $191,637)
  • 7.58% Increase in median sale price ($175,000 vs $162,665)
  • 18.74% Increase in sales volume ($181,136,828 vs $152,543,137)

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

 

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Buying a Home? How To Overlook Minor Blemishes

Young woman painting wall at homeWhen searching for a home to buy, keep your eyes open for possibilities when touring. If a home meets your price and location needs, it may require just a few modifications to suit your taste. Here are some tips about overlooking minor flaws and blemishes:

Old Homes
“Old” does not mean “bad”. Homes built many years ago have withstood the test of time. Many are well constructed with quality materials. Newer homes may offer more modern conveniences, but might lack that charm and character that an  older home offers.

Paint Colors 
Repainting a room is one of the most economic and easiest changes to be made to a home. Instead of focusing on the colors of a room, pay attention instead to a room’s structure.

Wallpaper
If you do not care for the wallpaper selection in a home, remember this can be fixed by removing, covering over or replacing it.

Kitchen Appliances
Do not discount a home just because the kitchen’s appliances are older. A kitchen appliance such as a refrigerator can be replaced as long as the item fits your budget. You many need to live with the old appliance for a while and save up for a newer one.

Dated Decor
The decor in the home may not be to your taste, but you like the floor plan.  The home’s furniture will be gone when you move in and you can decorate rooms to your taste and style. So, forget about the flowery curtains or that funky chair.

Carpeting
There are many different types of flooring available at all price points. If you cannot afford to replace carpeting with hardwood floors, then a laminate that looks like hardwood may be the answer. Keep this in mind when you are touring a home with ugly green carpeting.

Popcorn Ceiling
A ceiling specialist can be hired to scrape off the popcorn look from the ceiling. It is best done before you move in as it is a messy job.

No Curb Appeal
Perhaps the home just needs bushes trimmed, flowers planted or the front door painted. A lack of curb appeal might need just a little TLC from you!

Need help fixing up a home? Contact Sibcy Cline Home Services.Sibcy Cline Home Services. They can recommend experienced and vetted home-related vendors and services.

January Home Sales Report: Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

January Home Sales Report 2020Take a look at our regional home sales report for January 2020. The year began with home sales increasing for all areas. Home values are still on the rise and there remains a low inventory of homes for sale. It is a great time to sell your home.

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

CINCINNATI / SOUTHEASTERN INDIANA

Home sales started the year strong for Cincinnati and Southeastern Indiana.

January 2020 vs January 2019

  • 8.03% Increase in homes sold (1,346 homes vs 1,246 homes)
  • 8.79% Increase in average sale price ($219,497 vs $201,760)
  • 10.31% Increase in median sale price ($176,500 vs $160,000)
  • 17.52% Increase in gross sales volume ($295,442,403 vs $251,392,441)

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

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DAYTON

In January, the Dayton area saw a gain in home sales as well as average and median sale prices.

January 2020 vs January 2019

  • 5.22% Increase in homes sold (1,363 homes vs 1,238 homes)
  • 16.96% Increase in average sale price ($169,769 vs $145,146)
  • 16.90% Increase in median sale price ($142,750 vs $122,111)
  • 23.06% Increase in sales volume ($157,545,696 vs $128,018,659)

Statistics courtesy of Dayton Realtors January 2020 Home Sales Report

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NORTHERN KENTUCKY

Home sales increased in January as well as average and median sale prices.

January 2020 vs January 2019

  • 11.02% Increase in homes sold (403 homes vs 363 homes)
  • 6.69% Increase in average sale price ($205,973 vs $193,053)
  • 10.90% Increase in median sale price ($178,000 vs $160,500)
  • 18.45% Increase in sales volume ($83,007,389 vs $70,078,485)

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

 

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December Home Sales Report – Strong Sales in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

December home salesTake a look at our regional home sales report for December 2019. The year ended with home sales increasing for all areas. Home values are still on the rise and there remains a low inventory of homes for sale. It is a great time to sell your home.

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

Cincinnati / Southeastern Indiana

Home sales had a huge uptick for December for Cincinnati and Southeastern Indiana.

December 2019 vs December 2018

  • 11.44% Increase in homes sold (1,861 homes vs 1,670 homes)
  • 8.78% Increase in average sale price ($227,948 vs $209,545)
  • 10.40% Increase in median sale price ($181,000 vs $163,950)
  • 21.22% Increase in gross sales volume ($424,211,260 vs $349,939,755)

January–December 2019 vs January–December 2018

  • .43% Increase in homes sold (25,751 homes vs 25,641 homes)
  • 5.64% Increase in average sale price ($226,143 vs $214,065)
  • 6.36% Increase in median sale price ($184,000 vs $173,000)
  • 6.10% Increase in gross sales volume ($5,823,396,579 vs $5,488,849,495)

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

Dayton

In December, the Dayton area saw large gain in home sales as well as average and median sale prices.

December 2019 vs December 2018

  • 25.46% Increase in homes sold (1,291 homes vs 1,029 homes)
  • 4.81% Increase in average sale price ($173,816 vs $165,838)
  • 3.14% Increase in median sale price ($144,400 vs $140,000)
  • 31.50% Increase in sales volume ($224,396,006 vs $170,647,178)

January–December 2019 vs January–December 2018

  • 2.21% Increase in homes sold (16,625 homes vs 16,266 homes)
  • 6.95% Increase in average sale price ($177,087 vs $165,586)
  • 7.04% Increase in median sale price ($152,000 vs $142,000)
  • 9.31% Increase in sales volume ($2,944,065,136 vs $2,693,417,846)

Statistics courtesy of Dayton Realtors December 2019 Home Sales Report

Northern Kentucky

Home sales increased in December as well as average and median sale price.

December 2019 vs December 2018

  • 4.21% Increase in homes sold (544 homes vs 522 homes)
  • 13.36% Increase in average sale price ($214,077 vs $188,853)
  • 17.28% Increase in median sale price ($190,000 vs $162,000)
  • 18.13% Increase in sales volume ($116,458,353 vs $98,581,607)

January–December 2019 vs January–December 2018

  • -.99% Decrease in homes sold (7,266 homes vs 7,339 homes)
  • 7.12% Increase in average sale price ($207,568 vs $193,763)
  • 7.19% Increase in median sale price ($179,000 vs $167,000)
  • 6.06% Increase in sales volume ($1,508,194,485 vs $1,422,029,073)

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

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Is Fall the Season Good for Home Buyers? Yes, It Is!

House AutumnSome buyers may be a bit frustrated they didn’t find the perfect home this summer thanks to the intense competition for homes, but they shouldn’t be discouraged. As some shoppers leave the real estate market, the odds that those who remain will find a home increases. Working with a real estate professional will help you find the home of your dreams with greater ease.

More Time
The fall season has an additional benefit since usually real estate agents will have less on their plates and have more time to work with their buyers. Home shoppers can ask more questions, get more insight and generally get a better feel for the real estate sales process from their agents. Keeping open lines with these industry pros can give hesitant buyers the peace of mind and encouragement they need to pursue  that home sale.

How To Get That Home?
Just like the summer market, it’s vital buyers make sure they’re ready to make an offer as soon as they find a home they like. While the market is generally less busy during the fall season, today’s conditions mean shoppers can still expect busy open houses and multiple bids. Having the ability to spring into action as soon as possible remains vital to finding a home before winter arrives.

Looks for homes for sale here.

Brought to you by HMS Home Warranty. HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers. To learn more click www.hmsnational.com

Sibcy Cline Open House Weekend – November 2 and 3, 2019

Sibcy Cline Open HouseSibcy Cline agents are hosting a Sibcy Cline Open House Weekend on November 2 and 3, 2019. There will be lots of great homes to see throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Look at homes for sale.

Mortgage interest rates remain low. Home values are rising. Now may be the right time for you to sell your old home and find a new one to meet your needs. Talk to your Sibcy Cline agent!

What Home Buyers Should Keep in Mind about the Fall Real Estate Market

 

Fall PorchWhile some home buyers were unable to purchase a property this summer due to fierce competition and a short supply, many experts say autumn is actually the best time to shop. With fewer people in the market to buy a home – and those who listed properties before still anxious to sell – this season creates a greater probability for a deal to happen.

The biggest thing that can help facilitate real estate sales at this time of year is that sellers are usually very serious about selling and want to close on the sale before the start of the holiday season or end of the year.

Other Benefits of Buying in the Fall Season
In addition to the fact that actually buying a home often becomes easier – even now when the market is still busy in comparison with historical norms – there are other serious benefits that might be available. For instance, mortgage companies are more likely to turn around the approval process quickly because they aren’t as inundated with applications at this time of year. The same may also be true of working with moving companies and other businesses that deal with real estate sales and related issues.

What to Look Out For
It’s important for home buyers to work with their agents and determine what course of action makes sense when it comes to buying homes that have been on the market for a while. Homes are being listed on the market for the first time all year long, so there may be some intriguing newer listings.

Motivated sellers and motivated buyers often make a great team when it comes to getting a home sale completed as quickly and easily as possible. However, it’s important – especially for those who have never made a purchase before – to work closely with their agents to determine how much house they can afford and what’s a good price for the properties they may be considering.

Your real estate agent will bring knowledge and experience in dealing with the local real estate market and let you know exactly what does or does not constitute a good deal, and how to more quickly get through a sale so you can begin putting down roots.

Find your Sibcy Cline agent here.

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers. To learn more click www.hmsnational.com