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

HomeSales_July2017.jpgHome sales continue to be brisk with many homes selling quickly due to low inventories of homes for sale. Move-in-ready homes in a desired location are often seeing multiple offers.  Mortgage interest rates remain low. Here are the sales statistics for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati

The Cincinnati region enjoyed the fourth highest July ever in sales even though sales were not as high as July 2016.

July 2017 vs July 2016

  • -4.85% Decrease in homes sold (2,431 homes vs 2,555)
  • 6.14% Increase in average sale price ($208,694 vs $196,625)
  • 8.28% Increase in median sale price ($170,000 vs $157,000)
  • .99% Increase in gross sales volume ($507,335,920 vs $502,376,528)

January – July 2017 vs January – July 2016

  • .23% Increase in homes sold (15,149 homes vs 15,114)
  • 6.23% Increase in average sale price ($201,572 vs $189,757)
  • 6.62% Decrease in median sale price ($161,000 vs $151,000)
  • 4.1% Increase in sales volume ($3,053,607,804 vs $2,867,993,751)

Statistics courtesy of Cincinnati Area Board of Realtors July 2017 Home Sales Report

Dayton

July 2017 vs July 2016

  • -2.54% Decrease in homes sold (1,934 homes vs 1,901)
  • .10% Increase in average sale price ($157,132 vs $156,968)
  • 3/71% Increase in median sale price ($136,900 vs $132,000)
  • .99% Increase in sales volume ($507,335,920 vs $502,376,528)

January – July 2017 vs January – July 2016

  • 2.29% Increase in homes sold (9,253 homes vs 9,046)
  • 5.36% Increase in average sale price ($154,853 vs $146,973)
  • 4.81% Decrease in median sale price ($133,000 vs $126,900)
  • 7.77% Increase in sales volume ($1,432,851,217 vs $1,329,517,748)

Statistics courtesy of Dayton Area Board of Realtors July 2017 Home Sales Report

Northern Kentucky

July 2017 vs July 2016

  • -8.78% Decrease in homes sold (613 homes vs 672)
  • 4.09% Increase in average sale price ($193,672 vs $186,063)
  • .61% Increase in median sale price ($165,000 vs $164,000)
  • -5.05% Decrease in gross sales volume ($118,721,014 vs $125,034,614)

January – July 2017 vs January – July 2016

  • 3.63% Increase in homes sold (4,139 homes vs  3,994)
  • 3.65% Increase in average sale price ($179,649 vs $173,323)
  • 3.33% Increase in median sale price ($155,000 vs $150,000)
  • 7.41% Increase in sales volume ($743,569,133 vs $692,255,131)

Statistics courtesy of Northern Kentucky Association of Realtors July 2017 Home Sales Report

 

Southeastern Indiana

July 2017 vs July 2016

  • -7.1% Decrease in homes sold (104 homes vs 112)
  • 1.7% Increase in average sale price ($161,000 vs $158,326)
  • 4.9% Increase in median sale price ($150,000 vs $143,000)
  • -5.8% Decrease in sales volume ($16,700,000 vs $17,732,534)

January – July 2017 vs January – July 2016

  • 1.8% Increase in homes sold (685 homes vs 673)
  • 2.0% Increase in average sale price ($153,000 vs $150,019)
  • -1.8% Decrease in median sale price ($136,000 vs $138,503)
  • 4.1% Increase in sales volume ($105,100,000 vs $100,962,513)

Statistics courtesy of Rick McMillin – Southeast Indiana Association of Realtors Home Sales Report, August 1, 2017

Look at homes for sale in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

 

 

 

Positive News for June Home Sales in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

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The region’s June 2017 home sales showed positive news with most of the market area showing an increase in the average sale price and number of homes sold. Dayton, Ohio set an all-time record with its average sale price at $168,771. In Cincinnati, the average sale price rose for the 13th consecutive month and that price of $222,216 set a new record value for the month of June. Although fewer homes sold in Northern Kentucky, during June, the average sale price rose by over 5%.  In Southeastern Indiana, home sales declined a bit for the month, but year-to-date the trend is for higher sales and average sale price in that market area.

It’s a great time to buy and sell homes. Mortgage interest rates are still low. Many homes that are in move-in ready condition and priced correctly for their market area are selling quickly .

Here are the statistics:

Cincinnati

June 2017 vs June 2016

  • 1.04%% Increase in homes sold (2,810 homes vs 2,781)
  • 4.72% Increase in average sale price ($222,216 vs $212,201)  – Setting a record for June!
  • 4.76% Increase in median sale price ($174,950 vs $167,000)
  • 5.81% Increase in gross sales volume ($624,425,918 vs $590,130,872)

January – June 2017 vs January – June 2016

  • 1.11% Increase in homes sold (12,698 homes vs 12,559)
  • 6.32% Increase in average sale price ($200,271 vs $188,360)
  • 6.6% Increase in median sale price ($159,900 vs $150,000)
  • 7.50% Increase in gross sales volume ($2,543,035,796 vs $2,365,617,223)

Dayton

June 2017 vs June 2016

  • .66% Increase in homes sold (1,690 homes vs 1,679)
  • 4.58% Increase in average sale price ($168,771 vs $161,380)  – Setting an all-time record!
  • 5.47% Increase in median sale price ($144,500 vs $137,000)
  • 5.27% Increase in sales volume ($285,222,709 vs $270,956,666)

January – June 2017 vs January – June 2016

  • 3.62% Increase in homes sold (7,757 homes vs 7,486)
  • 6.43% Increase in average sale price ($154,374 vs $145,046)
  • 5.60% Increase in median sale price ($132,000 vs $125,000)
  • 10.28% Increase in sales volume ($1,197,478,652 vs $1,085,811,300)

Northern Kentucky

June 2017 vs June 2016

  • -1.66% Decrease in homes sold (710 homes vs 722)
  • 5.01% Increase in average sale price ($192,624 vs $183,440)
  • 1.89% Increase in median sale price ($167,300 vs $164,200)
  • 3.26% Increase in sales volume ($146,763,708 vs $132,443,728)

January – June 2017 vs January – June 2016

  • 5.09% Increase in homes sold (3,491 homes vs 3,322)
  • 3.69% Increase in average sale price ($177,045 vs $170,746)
  • 2.60% Increase in median sale price ($153,900 vs $150,000)
  • 8.96% Increase in sales volume ($618,067,331 vs $567,220,517)

Southeastern Indiana

June 2017 vs June 2016

  • -7.6% Decrease in homes sold (122 homes vs 132)
  • -1.3%Decrease in average sale price ($157,554 vs $159,622)
  • -3.1% Decrease in median sale price ($140,050 vs $144,475)
  • -8.8% Decrease in sales volume ($19,221,640 vs $21,070,079)

January – June 2017 vs January – June 2016

  • 3.0% Increase in homes sold (578 homes vs 561)
  • 7.0% Increase in average sale price ($158,743 vs $148,360)
  • -1.8% Decrease in median sale price ($135,000 vs $137,500)
  • 5.5% Increase in sales volume ($87,792,130 vs $83,229,979)

Look at homes for sale in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

 

 

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