Local Home Sales Report for July 2020

Home sales increased for all local regions in July. Home sales for the Cincinnati region set a record with the best sales record for that month ever: 2,825 homes were sold – up almost 11% from 2019. The dollar volume for the month increased by almost 22%. In the Dayton area, July also saw gains for home sales with all-time highs in average sale and median sales prices. With 1,773 homes sold in the area, the region had an over 6% increase in the number of homes sold as well as over 16% in sales volume. In Northern Kentucky, home sales increased by over 2%. Average and median sale prices also increased for the month.

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

CINCINNATI / SOUTHEASTERN INDIANA

July 2020 vs  July 2019

  • +10.91% Increase in homes sold (2,825 homes vs 2,547 homes)
  • 9.93% Increase in average sale price ($264,286 vs $240,410)
  • 12.95% Increase in median sale price ($218,000 vs $193,000)
  • 21.93% Increase in gross sales volume ($746,607,822 vs $612,324,260)

January–July 2020 vs January–July 2019

  • -5.50% Decrease in homes sold (14,205 homes vs 15,032 homes)
  • 6.12% Increase in average sale price ($240,475 vs $226,617)
  • 7.08% Increase in median sale price ($198,000 vs $184,900)
  • .28% Increase in gross sales volume ($3,15,959,636 vs $3,406,513,171)

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

DAYTON

July 2020 vs July 2019

  • 6.29% Increase in homes sold (1,773 homes vs 1,668 homes)
  • 9.42% Increase in average sale price ($206,750 vs $188,950)
  • 9.09% Increase in median sale price ($180,000 vs $165,000)
  • 16.31% Increase in sales volume ($366,566,948 vs $315,168,484)

January–July 2020 vs January–July 2019

  • -3.19% Decrease in homes sold (9,172 homes vs 9,474 homes)
  • 8.26% Increase in average sale price ($190,812 vs $176,260)
  • 9.63% Increase in median sale price ($165,000 vs $150,500)
  • 4.81% Increase in sales volume ($1,750,126,850 vs $1,669,882,543)

Statistics courtesy of Dayton Realtors July 2020 Home Sales Report

NORTHERN KENTUCKY

July 2020 vs July 2019

  • 2.07% Increase in homes sold (789 homes vs 773 homes)
  • 10.52% Increase in average sale price ($233,078 vs $210,900)
  • 17.76% Increase in median sale price ($214,918 vs $182,500)
  • 12.80% Increase in sales volume ($183,898,800 vs $163,026,380)

January–July 2020 vs January–July 2019

  • -2.98% Decrease in homes sold (4,076 homes vs 4,201 homes)
  • 8.86% Increase in average sale price (221,142 vs $203,149)
  • 11.43% Increase in median sale price ($195,000 vs $175,000)
  • 5.62% Increase in sales volume ($853,433,062 vs $901,376,338)

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

Look for homes for sale here.

Sibcy Cline Realtors Makes the Business Courier’s Top Private Companies List for 2020


The Business Courier published its annual Greater Cincinnati’s Largest Private Companies list and Sibcy Cline was part of this ranking at #113 on the list. It was the only residential real estate company featured in these rankings.

Robin S. Sheakley, President of Sibcy Cline, was quoted in this issue of the Courier when asked about inspiring others in troubled times: “We are in the housing business and therefore, our professional life is everyone else’s personal life. Providing a sense of security has influenced every decision we make. While real estate was deemed an essential service at the onset of the Covid-19 stay-at-home orders, we quickly responded by March 17. While we had the technology in place to ensure business continuity, we needed to provide access, training and resources to ensure each agent and employee was equipped to leverage them. Safety, creativity and productivity continue to be our priorities. On April 2, we hosted a virtual continuing education class dedicated to fair housing, having no idea how salient and timely it would become. Sharing stories and supporting one another is as essential as providing the platform(s) with which to do it. We could not and cannot communicate enough to empower people during times of uncertainty.”

This 2020 list of the top 150 companies combined had sales of $50.6 billion and a workforce of 164,000 people.

Seven Signs Why You Should Sell Your Home Right Now

With a shortage of homes for sale and bidding wars happening on many listed properties, now could be the perfect time to sell. Is the time right for you? Here are seven signs of why you should sell your home:

  1. You’ve outgrown your home. If there are not enough bedrooms or living spaces inside your current home for you and your belongings, now is a good time to think about “buying up” to a larger home.
  2. Where you live is “booming”. Do you live in one of those “hot” neighborhoods where houses are selling quickly and for a high price? This could be your sign to take advantage of the current market.
  3. You are tired to maintaining your current home. If mowing the lawn, gardening, painting and other chores are no longer fun to do, consider selling now and moving to a less maintenance-intensive type of home that better fits your lifestyle.
  4. You have equity in your home. During the housing crash of 2007, equity fell for most homes – but for many homeowners it is now back – and your home could be worth more than you owe on it. Do you know your home’s value in today’s market? You may be surprised and this could be the big sign to sell. Selling while you have high equity is a great way for you to buy that next dream home.
  5. Life changes. Life’s markers can affect housing needs. Perhaps you need a smaller home now or want to move to be closer to family. Changes in family dynamics and work commutes are a few  more reasons that may be pointing you in the direction of selling your old home and getting a new one.
  6. Low mortgage rates. Mortgage interest rates are at historic lows. When you sell your current home, you will be able to afford even more home with these rates. Take advantage of this market.
  7. You are emotionally ready to move on. Moving is not an easy thing to do. Let the guilt of staying in your old home go. Once you have made your mind up to sell, stay the course. Remember, in many areas, homes are selling quickly – that means less people touring your home, less open houses to host and a fast closing. That sold sign in your yard will be your “sign” to move onward.

Ready to sell? Contact your favorite Sibcy Cline agent

Sibcy Cline’s Listing at 3458 Observatory Place is a Finalist in HGTV’s “Ultimate House Hunt” Contest!

HGTV_House_hunt (3458 Observatory Pl)Sibcy Cline has a listing entered as a finalist for the HGTV Ultimate House Hunt Contest. This annual online promotion held on HGTV.com showcases extraordinary homes for sale in eight categories. HGTV editors have already viewed numerous properties worldwide and made their finalist selections. The public now gets to vote for their favorites.

We Need Your Vote for this Home!

Go to HGTV.com/househunt and scroll down the page to the “Homes With a History” graphic. Click on it, scroll through the finalists (at the top) and look for the home – it’s called “Restored Victorian Home Exterior”. Then cast your vote!

Voting is open to the public and takes place June 30–August 4, 2020. You can vote once a day.

About This HGTV Finalist Property
This beautiful home – located at 3458 Observatory Place – is  listed by John Gillespie and Maria McLaughlin from Sibcy Cline’s Hyde Park office. It’s a Victorian Italianate located in the Observatory Historic District in Hyde Park and has been meticulously renovated, features today’s comforts and has an incomparable view of the Observatory

Thanks for voting for this home – every day!

 

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

花火8Very low interest rates, good weather as well as reasonable prices for homes have kept the real estate market strong even through there were COVID-19 stay-at-home orders.

Although sales were down, average and median sale prices rose  – encouraging news for those thinking about selling their homes.

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

CINCINNATI / SOUTHEASTERN INDIANA

May 2020 vs May 2019

  • -26.88% Decrease in homes sold (1,950 homes vs 2,667 homes)
  • 3.24% Increase in average sale price ($238,994 vs $231,499)
  • 5.37% Increase in median sale price ($201,250 vs $191,000)
  • -24.52% Decrease in gross sales volume ($466,038,682 vs $617,407,053)

January–May 2020 vs January–May 2019

  • -9.78% Increase in homes sold (8,816 homes vs 9,772 homes)
  • 5.29% Increase in average sale price ($229,270 vs $217,757)
  • 6.09% Increase in median sale price ($189,900 vs $179,000)
  • -5.01% Decrease in gross sales volume ($2,021,243,057 vs $2,127,917,355)

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

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DAYTON

May 2020 vs May 2019

  • -25.29% Decrease in homes sold (1,285 homes vs 2,106 homes)
  • 4.24% Increase in average sale price ($188,935 vs $181,258)
  • 7.02% Increase in median sale price ($166,900 vs $155,950)
  • -22.13% Decrease in sales volume ($242,781,843 vs $311,763,470)

January–May 2020 vs January–May 2019

  • -10.25% Decrease in homes sold (7,583 homes vs 8,449 homes)
  • 8.08% Increase in average sale price ($181,599 vs $168,020)
  • 9.45% Increase in median sale price ($157,000 vs $143,450)
  • -.08% Decrease in sales volume ($1,042,922,477 vs $1,043,742,673)

Statistics courtesy of Dayton Realtors May 2020 Home Sales Report

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NORTHERN KENTUCKY

May 2020 vs May 2019

  • -25.80% Decrease in homes sold (558 homes vs 752 homes)
  • 5.20% Increase in average sale price ($217,314 vs $206,571)
  • 6.42% Increase in median sale price ($193,685 vs $182,000)
  • -21.94% Decrease in sales volume ($121,261,268 vs $155,342,050)

January–May 2020 vs January–May 2019

  • -8.47% Decrease in homes sold (2,529 homes vs 2,763 homes)
  • 9.39% Increase in average sale price ($215,6 vs $196,761)
  • 7.87% Increase in median sale price ($185,000 vs $171,500)
  • .13% Increase in sales volume ($544,333,099 vs $543,652,032)

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

A Buyer’s Guide to Virtual Open Houses on SibcyCline.com 

Virtual open houses are not brand new in real estate – but during the current COVID-19 situation they have become very popular. With record low inventory and many homes selling before multiple buyers get a chance to peek inside, we suspect they are here to stay.

A virtual open house gives buyers access to many of the benefits of a physical open house without having to get off the couch on Sunday afternoon or manage the schedules of a busy household. No hand sanitizer or mask necessary, this type of tour is as close as you can come to an in-person open house. They are a perfect opportunity to get details on the special features of a home, context on the floor plan and information on the community in an interactive way with the listing agent.

At every Sibcy Cline Virtual Open House, you can interact with the agent via chat, but you don’t have to be on camera. In most cases agents will automatically turn off video for all participants, but in all cases you have the option to keep your camera off. You can expect to see photos or live/pre-recorded walk-throughs of the home or neighborhood, statistics for the area, and other relevant information regarding the property.

Sibcy Cline Virtual Open Houses are held live at a scheduled time, but many of our agents can provide a recording of their Virtual Open House if you were unable to attend at the scheduled time. Just ask!

ListingDetailPage

How To Attend a Sibcy Cline Virtual Open House
On sibcycline.com, click on the Open House button in the navigation bar and select an area of interest. All available Sibcy Cline virtual open houses will be highlighted by city/suburb. From there, select a listing of interest and you can look all of the photographs and details on that page. Click on “Virtual Open” (highlighted in gold). You will then complete a form to register for the event and receive an email with the event details like the time and date of the virtual open house, the platform it will be hosted on (most often Facebook or Zoom) along with the link and password to access (if applicable).

Of course, you can always schedule a personal home showing with your agent. (Real estate is deemed an essential business.)

Happy house hunting – online, virtually, and in person! 

Sibcy Cline Realtors Ranked as the Largest Residential Real Estate Company by the Business Courier for the 27th Year in a Row

花火8For the 27th year in a row, Sibcy Cline Realtors has been ranked as the largest residential real estate company by the Business Courier. Rankings were based on 2019 sales volume.

Sibcy Cline has over 1,000 real estate agents and over 200 employees. Founded in the 1930s, the company has been a family-run firm since that time. Sibcy Cline is a full-service company with real estate, mortgage, relocation, insurance, title and home services divisions.

Largest_Courier_2020

 

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

花火8Although this is a challenging time, real estate remains strong with low interest rates and a constantly rotating inventory of homes for sale. There are plenty of buyers in the market now looking for a home. Take a look at our regional home sales report for March 2020.

During this concerning time of Coronavirus, please take advantage of Sibcy Cline’s weekly Virtual Open House Weekend tours on Facebook.

HighlightReel copy

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 March 2020:

CINCINNATI / SOUTHEASTERN INDIANA

Home sales in the region were strong and down just slightly as compared to March 2019. Average home sale prices continue to increase.

March 2020 vs March 2019

  • -.45% Decrease in homes sold (1,987 homes vs 1,996 homes)
  • 13.12% Increase in average sale price ($231,986 vs $205,075)
  • 14.71% Increase in median sale price ($195,000 vs $170,000)
  • 12.61% Increase in gross sales volume ($460,955,271 vs $409,330,177)

January–March 2020 vs January–March 2019

  • 4.45% Increase in homes sold (4,925 homes vs 4,715 homes)
  • 7.67% Increase in average sale price ($223.485 vs $207,569)
  • 8.82% Increase in median sale price ($185,000 vs $170,000)
  • 12.46% Increase in gross sales volume ($1,100,662,113 vs $978,686,063)

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

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DAYTON

Despite the COVID-19 pandemic, Dayton area saw a gain in home sales as well as average and median sale prices throughout March.

March 2020 vs March 2019

  • 11.76% Increase in homes sold (1,321 homes vs 1,182 homes)
  • 13.83% Increase in average sale price ($184,756 vs $162,314)
  • 17.09% Increase in median sale price ($161,000 vs $137,500)
  • 27.21% Increase in sales volume ($244,062,634 vs $191,855,727)

January–March 2020 vs January–March 2019

  • 9.33% Increase in homes sold (3,282 homes vs 3,002 homes)
  • 12.95% Increase in average sale price ($177,066 vs $156,761)
  • 13.06% Increase in median sale price ($151,500 vs $134,000)
  • 23.49% Increase in sales volume ($581,129,170 vs $470,596,213)

Statistics courtesy of Dayton Realtors March 2020 Home Sales Report

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NORTHERN KENTUCKY

Home sales decreased in March as compared to March 2019. Average and median sale prices increased.

March 2020 vs March 2019

  • -7.99% Decrease in homes sold (553 homes vs 601 homes)
  • 16.18% Increase in average sale price ($223,606 vs $192,467)
  • 12.02% Increase in median sale price ($192,000 vs $171,400)
  • 6.90% Increase in sales volume ($123,654,435 vs $115,672,892)

January–March 2020 vs January–March 2019

  • 3.22% Increase in homes sold (1,442 homes vs 1,397 homes)
  • 11.03% Increase in average sale price ($213,178 vs $191,994)
  • 9.09% Increase in median sale price ($180,000 vs $165,000)
  • 14.61% Increase in sales volume ($307,403,814 vs $268,216,029)

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

 

Look at homes for sale.

Sibcy Cline Realtors Makes the 2020 REAL Trends 500 List

花火8REAL Trends published its annual ranking of the top 500 U.S. real estate brokers for 2020 and Sibcy Cline ranked #56 for transaction sides.

Sibcy Cline also ranked:

  • #103 – Closed Sales Volume
  • #13 – Leading Real Estate Companies of the World broker member
  • #26 – Top U.S. Independent Real Estate Companies

Sibcy Cline’s Core Services ranked #16 in the U.S. with 7,369 transactions for mortgage, title, insurance and home warranties. Each of these divisions (mortgage, insurance, title, home owners warranties) were also ranked individually with top rankings.

Review all of the REAL Trends’ rankings here.

Who is REAL Trends? This company a real estate news and analytical source and communications organization based in Colorado.

Sibcy Cline Voted Best Real Estate Company by CityBeat Readers

BestOfCityBeat_2020Thank you CityBeat readers – you named Sibcy Cline as the Best in Real Estate for 2020. We appreciate you taking the time to vote for us and are thrilled to be honored!

Thousands of readers voted this year for their favorite local businesses and services. Look at all of the winners! (Sibcy Cline is located under the shops and services category.)