Cincinnati Home Sales Still Strong in June

BlueBridge_Downtown.jpgHome sales in June 2016 for the Cincinnati region were still strong with 2,838 homes selling. Although this was a 2.39% decrease as compared to June 2015, the average sale price increased by 6.25% to $212,785. Here are the statistics:

June 2016 vs June 2015

  • -2.39% Decrease in sales units (2,738 homes vs 2,805 homes)
  • 3.71% Increase in gross sales volume
  • 6.25% Increase in average sale price ($212,785 vs $200,269)
  • 9.15% Increase in median sale price ($167,000 vs $153,000)

January – June 2016 vs January – June 2015

  • 6.5% Increase in sales units (12,488 homes vs 11,677 homes)
  • 11.20% Increase in gross sales volume
  • 3.98% Increase in average sale price ($188,420 vs $181,209)
  • 6.38% Increase in median sale price (150,000 vs $141,000)

The inventory of homes for sale remains low with a 21.7% decrease from June 2015.

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Statistics courtesy of Cincinnati Area Board of Realtors June 2016 Home Sales Report

Cincinnati Home Sales Up almost 5 Percent over Last Year for March

SuspensionBridge_Downtown_Dusk.jpgMarch 2016 Cincinnati home sales rose almost 5 percent for the month as compared to March 2015. Here are the statistics:

March 2016 vs March 2015

  • 4.55% Increase in homes sold (1,952 homes vs 1,867 homes)
  • 11.97% Increase in gross sales volume
  • 7.09% Increase in average sale price ($186,342 vs $173,997)
  • 2.54% Increase in median sale price ($141,500 vs $138,000)

January – March 2016 vs January – March 2015

  • 6.325% Increase in homes sold (4,976 homes vs 4,511 homes)
  • 10.37% Increase in gross sales volume
  • 3.82% Increase in average sale price ($172,799 vs $166,448)
  • 6.61% Increase in median sale price ($137,000 vs $128,500)

The demand for homes is strong and with a lower inventory of homes for sale, the average price of homes has risen. Many homes that are priced right and are in move-in condition are selling quickly.

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Statistics courtesy of: Cincinnati Area Board of Realtors March 2016 Home Sales Report

Home Sales in Cincinnati Rose 4 Percent In February 2015

Skyline_RedsPurples_River
Neither snow, nor ice, nor frigid weather deterred home sales in the Cincinnati for February 2015. The region had a 4.18% increase in sales as compared to February 2014.

February 2015 vs February 2014

  • +4.18% Home Unit Sales (1,372 vs 1,317)
  • +2.59% Average Sale Price ($159,370 vs $155,348)
  • +6.87% Sales Volume

January – February 2015 vs January – February 2014

  • +3.16% Home Unit Sales (2,614 vs 2,534)
  • +5.37% Average Sale Price ($161,148 vs $152,936)
  • +8.70% Sales Volume

FEbruarystats

Statistics source: Cincinnati Area Board of Realtors Home Sales Report, February 2015