Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana all had increases in home sales during April. Many homes are selling quickly due to a lack of enough homes for sale on the market. Limited inventory of homes has led to rising home prices. Here is our report for the month:

Cincinnati
The average sale price set a record in April 2018 for the 22nd consecutive month. 

April 2018 vs April 2017

• 4.0% Increase in homes sold (2,210 homes vs 2,125 homes)
• 4.83% Increase in average sale price ($214,972 vs $205,089)
• 7.36% Increase in median sale price ($175,000 vs $163,000)
• 9.01% Increase in gross sales volume ($475,087,148 vs $435,815,185)

January – April 2018 vs January – April 2017

• -.72% Decrease in homes sold (7,142 homes vs 7,204 homes)
• 5.69% Increase in average sale price ($202,893 vs $191,970)
• 7.29% Increase in median sale price ($164,150 vs $153,000)
• 4.93% Increase in gross sales volume ($1,449,060,590 vs $1,381,031,404)

Statistics courtesy of Cincinnati Area Board of Realtors April 2018 Home Sales Report

Dayton
Sales volume increased over 10% in Dayton in April!

April 2018 vs April 2017

• 7.52% Increase in homes sold (1,415 homes vs 1,316 homes)
• 2.67% Increase in average sale price ($161,363 vs $157,161)
• 7.68% Increase in median sale price ($139,985 vs $130,000)
• 10.40% Increase in sales volume ($228,328,419 vs $206,823,500)

January – April 2018 vs January – April 2017

• 2.50% Increase in homes sold (4,473 homes vs 4,364 homes)
• 3.90% Increase in average sale price ($154,096 vs $148,309)
• 3.45% Increase in median sale price ($132,000 vs $127,600)
• 6.50% Increase in sales volume ($689,272,372 vs $647,220,075)

Statistics courtesy of Dayton Area Board of Realtors April 2018 Home Sales Report

Northern Kentucky
Home sales were strong in Northern Kentucky in April: sales units, average sale price, median sale price and sales volume increased.

April 2018 vs April 2017

• 3.31% Increase in homes sold (625 homes vs 605 homes)
• 9.22% Increase in average sale price ($191,854 vs $175,664)
• 7.74% Increase in median sale price ($167,000 vs $155,000)
• 12.83% Decrease in sales volume ($119,908,785 vs $106,277,275)

January – April 2018 vs January – April 2017

• -2.42% Decrease in homes sold (2,019 homes vs 2,069 homes)
• 9.37% Increase in average sale price ($185,622 vs $169,720)
• 9.16% Increase in median sale price ($163,200 vs $149,500)
• 9.61% Increase in sales volume ($384,882,161 vs $351,151,017)

Statistics courtesy of Northern Kentucky Association of Realtors April 2018 Home Sales Report

Southeastern Indiana
Indiana had an increase in the number of homes sold, sales volume as well as median sale price in April.

April 2018 vs April 2017

• 15.4% Increase in homes sold (105 homes vs 91 homes)
• -26.2% Increase in average sale price ($162,052 vs $128,371)
• 20.0% Increase in median sale price ($150,000 vs $125,000)
• 45.7% Increase in sales volume ($17,015,485 vs $11,683,753)

January – April 2018 vs January – April 2017

• 6.6% Increase in homes sold (354 homes vs 332 homes)
• 9.7% Increase in average sale price ($159,609 vs $145,549)
• 3.8% Increase in median sale price ($138,750 vs $133,700)
• 13.0% Increase in sales volume ($54,617,810 vs $48,322,161)

Statistics courtesy of Rick McMillin – Southeastern Indiana Board of Realtors MLS Homes Sold Report dated May 1, 2018.

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