Home Sales Rose in May in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana!

HomeSales_May2017.jpgMay 2017 was a strong month for home sales throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana with increases in the number of home sales from four to almost seven percent.

May 2017 was also a record-setting month in Cincinnati with the average sale price reaching $199,421. In Northern Kentucky, the average home sale price was $182,783 – the highest since September 2016. In Dayton, Ohio, the May 2017 average sale price was 4% better than last May. Southeast Indiana had a 4.0% increase in average sale price at $161,340.

Not increasing in all regions are the number of homes for sale – which still remain low. In Cincinnati the number of homes for sale is down 24.98% as compared to inventory from May 2016. In Northern Kentucky the inventory of new listings for sale in May 2017 was the highest since June 2016 – 950 homes. However, in that region the total number of homes for sale still remains low with only 1,726 properties. In Dayton, Ohio, there were 2,172 new listings added for sale in that region in May 2017 – which was up from 2,108 new listings in May 2016.

The real estate market remains strong – homes in good condition many times are selling quickly – some with multiple offers. Mortgage interest rates are still low. Look at homes for sale.

Here are the May 2017 home sales statistics:

Cincinnati May 2017 Home Sales

May 2017 vs May 2016

  • 4.05% Increase in home sales (2,695 homes vs 2,590 homes)
  • 7.05% Increase in sales volume ($537,439,239 vs $502,052,134)
  • 2.88% Increase in average sale price ($199,421 vs $193,843)
  • 1.19% Increase in median sale price ($160,000 vs $157,000)

January – May 2017 vs January – May 2016

  • .96% Increase in home sales (9,872 homes vs 9,778 homes)
  • 7.74% Increase in sales volume ($1,912,894,430 vs $1,775,446,351)
  • 6.71% Increase in average sale price ($193,770 vs $181,580)
  • 6.90% Increase in median sale price ($155,000 vs $145,000)

Source: Cincinnati Area Board of Realtors, Home Sales Report, May 2017

Dayton, Ohio May 2017 Home Sales

May 2017 vs May 2016

  • 4.03% Increase in home sales (1,626 homes vs 1,563 homes)
  • 8.07% Increase in sales volume ($256,075,029 vs $236,944,693)
  • 3.89% Increase in average sale price ($157,488 vs $151,595)
  • .71% Increase in median sale price ($133,950 vs $133,000)

January – May 2017 vs January – May 2016

  • 4.48% Increase in home sales (6,023 homes vs 5,765 homes)
  • 12.32% Increase in sales volume ($907,874,053 vs $808,282,267)
  • 7.51% Increase in average sale price ($150,735 vs $140,205)
  • 6.61% Increase in median sale price ($129,000 vs $121,000)

Source: Dayton Area Board of Realtors, Home Sales Report, May 2017

Northern Kentucky May 2017 Home Sales

May 2017 vs May 2016

  • 6.61% Increase in home sales (742 homes vs 696 homes)
  • 11.38% Increase in sales volume ($135,625,702 vs $121,771,783)
  • 4.47% Increase in average sale price ($182,783 vs $174,959)
  • 2.81% Increase in median sale price ($155,500 vs $151,250)

January – May 2017 vs January – May 2016

  • 6.62% Increase in home sales (2,771 homes vs 2,599 homes)
  • 10.35% Increase in sales volume ($479,594,468 vs $434,621,789)
  • 3.50% Increase in average sale price ($173,076 vs $167,226)
  • 2.74% Increase in median sale price ($150,000 vs $146,000)

Source: Northern Kentucky Association of Realtors, Home Sales Report, May 2017

 

Southeastern Indiana May 2017 Home Sales

May 2017 vs May 2016

  • 6.5% Increase in home sales (132 homes vs 124 homes)
  • 10.7% Increase in sales volume ($21,296,838 vs $19,238,573)
  • 4.0% Increase in average sale price ($161,340 vs $155,150)
  • 2.0% Decrease in median sale price ($136,500 vs $139,347)

January – May 2017 vs January – May 2016

  • 6.4% Increase in home sales (456 homes vs 429 homes)
  • 10.3% Increase in sales volume ($68,570,499 vs $62,159,900)
  • 3.8% Increase in average sale price ($150,374 vs $144,895)
  • 0% Increase in median sale price ($135,000 vs $135,000)

Source: Rick McMillin VP/Sales Manager of Sibcy Cline Harrison, Southeastern Indiana Home Sales Report, May 2017

Sibcy Cline is Ranked as the Largest Residential Real Estate Company by the Business Courier for the 24th Year in a Row

花火8The Business Courier published its annual ranking of the top residential real estate companies and Sibcy Cline was placed at the top at number one for 2017.  Rankings were based on 2016 sales volume. This is the 24th year in a row that Sibcy Cline has been recognized as the largest local real estate company!

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

Largest Residential_2017_Clean.jpg

April 2017 Home Sales Report for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

HomeSales_April2017.jpgApril 2017 home sales were very strong in Dayton, Ohio with that region boasting its strongest month on record with 1,316 homes sold. Although sales were not at record pace in Cincinnati and Northern Kentucky as in previous months, home sales were still strong, and average and median sale prices rose in these regions in April. In Southeastern Indiana, sales were behind April 2016, but sales are still strong for that region overall year-to-date.

It’s a great time to sell and buy a new home. Home values are rising and mortgage interest rates are low. Demand for homes for sale is high. Look at homes for sale.

Here are the statistics for April homes sale per region:

Cincinnati April Home Sales

April 2017 vs April 2016

  • 1.319% Decrease in home sales (2, 119 homes vs 2,362 homes)
  • 1.71% Decrease in sales volume ($432,814,944 vs $440,362,552)
  • 9.56% Increase in average sale price ($204,254 vs $186,436)
  • 8.49% Increase in median sale price ($163,000 vs $150,250)

January – April 2017 vs January – April 2016

  • .21% Decrease in home sales (7,173 homes vs 7,188 homes)
  • 7.96% Increase in sales volume ($1,374,836,574 vs $1,273,434,217)
  • 8.19% Increase in average sale price ($191,668 vs $177,161)
  • 8.51% Increase in median sale price ($153,000 vs $141,000)

Source: Cincinnati Area Board of Realtors Home Sales Report, April 2017

Dayton, Ohio April Home Sales

April 2017 vs April 2016

  • 1.31% Increase in home sales (1,316 homes vs 1,299 homes)
  • 8.55% Increase in sales volume ($206,823,500 vs $190,534,920)
  • 7.15% Increase in average sale price ($157,161 vs $146,678)
  • 2.36% Increase in median sale price ($130,000 vs $127,000)

January – April 2017 vs January – April 2016

  • 6.23% Decrease in home sales (6,769 homes vs 7,218 homes)
  • 14.43% Increase in sales volume ($647,220,075 vs $565,595,073)
  • 8.43% Increase in average sale price ($148,309 vs $136,782)
  • 8.14% Increase in median sale price ($127,600 vs $118,000)

Source: Dayton Area Board of Realtors Home Sales Report, April 2017

Northern Kentucky April Home Sales

April 2017 vs April 2016

  • 7.27% Decrease in home sales (574 homes vs 619 homes)
  • 4.50% Decrease in sales volume ($101,017,579 vs $105,780,751)
  • 8.04% Increase in average sale price ($175,988 vs $162,889)
  • 3.33% Increase in median sale price ($155,000 vs $150,000)

January – April 2017 vs January – April 2016

  • 5.47% Increase in home sales (2,007 homes vs 1,903 homes)
  • 8.94% Increase in sales volume ($340,830,880 vs $312,8450,006)
  • 3.30% Increase in average sale price ($169,821 vs $164,398)
  • 3.82% Increase in median sale price ($149,500 vs $144,000)

Source: Northern Kentucky Association of Realtors Home Sales Report, April 2017

Southeastern Indiana April Home Sales

April 2017 vs April 2016

  • 14.2% Decrease in home sales (91 homes vs 106 homes)
  • 28.7% Decrease in sales volume ($11,681,753 vs $16,373,704)
  • 16.9% Decrease in average sale price ($128.371 vs $154,469)
  • 9.4% Decrease in median sale price ($125,000 vs $138,001)

January – April 2017 vs January – April 2016

  • 9.2% Increase in home sales (332 homes vs 304 homes)
  • 12.1% Increase in sales volume ($48,332,161 vs $43,100,390)
  • 2.7% Increase in average sale price ($145,549 vs $141,778)
  • .9% Increase in median sale price ($133,700 vs $132,500)

Source: Rick McMillin VP/Sales Manager of Sibcy Cline Harrison, Southeastern Indiana Home Sales Report, April 2017

 

 

 

 

 

Northern Kentucky Home Sales Rise Seven Percent in March!

Home sales in Northern Kentucky were strong in March – with a 7.45% increase in sales as compared to March 2016. Here are the statistics:

March 2017 vs March 2016

  • 7.45% Increase in home sales (620 homes vs 577 homes)
  • 7.81% Increase in average sale price ($175,734 vs $162,997)
  • 4.83% Increase median sale price ($149,900 vs $143,000)
  • 15.85% Increase in sales volume ($108,955,497 vs $94,049,825)

January – March 2017 vs January – March 2016

  • 9.81% Increase in home sales (1,410 homes vs 1,284 homes)
  • 3.91% Increase in average sale price ($167,578 vs $161,268)
  • 3.20% Increase median sale price ($144,950 vs $140,450)
  • 14.11% Increase in sales volume ($236,286,303 vs $207,069,255)

It’s a great time to sell and buy homes. Home values are rising and mortgage interest rates are still low.

Look at homes for sale.

Statistics: Northern Kentucky Association of Realtors Home Sales Report, March 2017

 

Home Sales Increase for March in Dayton, Ohio!

Dayton_eveningMarch blew in with an early spring for Dayton, Ohio with home sales increasing by 13 percent for the month. Here are the statistics:

March 2017 vs March 2016

  • 13.33% Increase in home sales (1,301 sold homes vs 1,148 sold homes)
  • 18.81% Increase in sales volume ($194,785,740 vs $163,941,377)
  • 4.88% Increase in median sale price ($130,000 vs $123,950)
  • 4.11% Increase in average sale price ($149,720 vs $143,808)

January – March 2017 vs January – March 2016

  • 6.98% Increase in home sales (3,020 sold homes vs 2,823 sold homes)
  • 17.63% Increase in sales volume ($436,996,761 vs $371,495,995)
  • 12.23% Increase in median sale price ($126,825 vs $113,000)
  • 9.02% Increase in average sale price ($144,701 vs $132,725)

Look at homes for sale.

Statistics courtesy of: Dayton Area Board of Realtors Home Sales Report March 2017

 

 

Average Sale Price Record is Set in March 2017 for Cincinnati Homes

Cincinnati Ohio Skyline at NightMarch 2017 came in roaring with home sales increasing by 10 percent in Cincinnati. The average price of homes also set a record for the month following nine other consecutive months of setting such a price record. Here are the statistics:

March 2017 vs March 2016

  • 10.02% Increase in sales (2,175 homes sold vs 1,977 homes sold)
  • 15.05% Increase in sales volume ($422,799,264 vs $367,502,604)
  • 4.57% Increase in average sale price ($194,390 vs $185,889) – Record setting average price!
  • 7.48% Increase in median sale price ($158,000 vs $147,000)

January – March 2017 vs January – March 2016

  • 4.46% Increase in sales (5,041 homes sold vs 4,826 homes sold)
  • 12.90% Increase in sales volume ($940,509,397 vs $833,071,665)
  • 8.08% Increase in average sale price ($186,572 vs $172,622)
  • 9.12% Increase in median sale price ($149,500 vs $137,000)

Look at homes for sale.


 

Over One Million Impressions of Sibcy Cline’s Luxury Homes for Sale on Luxury Portfolio International’s Website in One Year!

LPMainWebSite.pngSibcy Cline’s luxury listed homes not only have the best promotion on the company’s local website, but receive even more exposure worldwide with Luxury Portfolio International. In the past year, over one million property impressions were made from that website to Sibcy Cline’s high-end properties.

This luxury home website is affiliated with Leading Real Estate Companies of the World, the largest global network of independent real estate companies. The website promotes over 50,000 high-end homes worldwide from 200 of their affiliate members from 60 countries and 800 major cities.

Sibcy Cline’s luxury properties promoted on Luxury Portfolio (from January 2016 through January 2017) had 1,027,281 property impressions (property views + exposures); 144,633 property views; and 883,648 exposures through searches.

A total of 121 foreign countries viewed Sibcy Cline’s luxury homes. The top 9 were:
United Kingdom (39.2% of all foreign views); Ukraine; Germany; China; Denmark; Italy; Canada; Republic of Korea; and Russia.

Sibcy Cline’s listings were translated into 13 foreign currencies on Luxury Portfolio: New Zealand Dollars, Australian Dollars, Swiss Francs, Mexican Pesos, Euro, Canadian Dollars, British Pounds, South African Rand, Russian Rubles, Aruba Guilders, Sweden Kronor Sweden Ringgits and Barbados Dollars.

The listings were also translated into 8 foreign languages:

  • Traditional Chinese (8,443 translations)
  • German (2,123 transaltions)
  • Japanese (2,021 translations)
  • Portuguese (1,778 translations)
  • Spanish (1,738 translations
  • Italian (1,702 translations)
  • Russian (1,674 translations)
  • French (1,608 translations

Exposure of listings through the United States
Sibcy Cline listings received views from all 50 U.S. states. The top 10 states were: Ohio, New Jersey, California, Virginia, Kentucky, Maryland, Pennsylvania, New York, Georgia and Florida.

GlobalReach.pngLuxuryPortfolio.com averages 125,000 monthly visitors who look at homes on the site for approximately 12 minutes. Visitors to the site have an average household income of $1.12 million and 53% own a second home.

View Sibcy Cline’s luxury listings on LuxuryPortfolio.com.