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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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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The Benefits of Selling Your Home During Winter

Selling your home during winterAlthough winter is not a time usually associated with a lot of home sales, real estate experts advise that homeowners can actually tap this unique market to sell their homes. All it takes is a different type of prep work and a positive attitude.

Everyone is Motivated
A huge benefit that comes with putting a home up for sale in the winter is that there is usually an interest in getting a deal done as quickly and easily as possible. Owners who decide to sell in the winter are typically those who either have to get their homes on and off the market quickly (for instance, if they have to move for work) or have had the property up for sale for a few months and want to strike a deal as soon as possible. Another possibility is that they want to get a head start on the spring market to get their home sold first.

In either case, veteran real estate professionals will often advise that buyers at this time of year are likewise motivated to move in quickly. They, too, might need to move for job-related reasons, and want to do so when there’s less competition from other buyers.

What to Keep in Mind
It’s worth noting that homeowners have a serious part to play in making sure their properties are fully up to code and ready for the sales process. Any issues that arise could hold up what would otherwise be a quick and easy sales process. That point goes beyond simply making sure a home is ready for a photo or video shoot and involves ensuring all home systems (heating and cooling, hot water heaters, etc.) are in good working order.

When mishaps arise with those home systems, they can lead to delays because of how busy the associated repair professionals are at this time of year. Therefore, getting systems tested before the home is put up for sale is usually a great idea.

Likewise, it’s usually smart for owners to invest in a home warranty ahead of a sale to make sure that if something does go wrong for those systems, they’ll have some financial protection and added peace of mind. That can be a huge benefit for buyers as well, and highlighting that protection might be an extra selling point at this time of year.

Hosting a Successful Open House in Winter
At this time of year it’s important to keep your yard in the best shape possible, even if there’s a blanket of snow on it. Clearing out sticks and dead leaves can go a long way.

Make sure all paths are safe for people to walk on. Clearing snow, ice and puddles from driveways and walkways, as well as the front sidewalks will help sellers avoid any potential accidents and also show that you are conscientious about attending to your property.

Issues to Avoid and Keep a Positive Attitude
Once open houses have been held and bids are starting to come in, keep a positive mental attitude. It can be easy to worry about getting a sale done in short order, but at this time of year, sellers’ agents will have more time to devote to their sale in particular and make sure everything goes as well as it possibly can.

At some point, the finer details of a sale are out of owners’ hands, and rather than getting worked up about uncontrollable things, it’s a better idea to let agents do their jobs.

Need help with getting your home ready to sell? Contact Sibcy Cline Home Services. They can share vetted vendors with you including snow-removal vendors!

Brought to you by Cinch Home Services, an industry leader with over 30 years of creating success for clients and providing peace of mind for customers. To learn more click https://www.cinchhomeservices.com/partners/real-estate/overview.

Why You Should Sell Your Home in December

Selling home during the holidaysWhile many people understandably shy away from the housing market at this time of year, December may be a great time for you to sell your home. Here is why:

Low Supply of Homes
With today’s real estate market and so many buyers wanting to purchase homes (as compared with historical norms), and a relatively small number of homes for sale, you could find selling your home in December to be the perfect time to sell.

Serious Home Buyers
People are usually busy this time of year, so if they take the time to see your home, they are probably considering purchasing it. With less competition of homes on the market this time of year, your home could catch the eye of that serious home buyer.

Relocating Buyers
January is the popular month for people relocating to a new area to begin their jobs and they typically need to purchase a home in December. They will have a short time to find their next home – and it could be yours that they want to buy.

Move After the Holidays
If you sell in December, you will probably not have to move until after the holidays in late winter or early spring.

Helpful Hint about Holiday Decor
If you decorate for the holidays, hold back on pulling everything out from the attic or basement. Remember, people want to see your home – not your holiday decor.

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!

Sibcy Cline Super Open House Weekend: March 16–17, 2019

SOH_FacebookAd_MArch16-17 2019
Sibcy Cline agents are holding a Sibcy Cline Super Open House Weekend on March 16–17, 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.

It’s a great time to sell and buy a home. 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!