Cincinnati February 2016 Home Sales Are Up

Cincinnati Ohio at Sunrise Reflected in the Ohio RiverHome sales in Cincinnati rose 3.1 percent in February as compared to February 2015. Here are the statistics:

February 2016 vs February 2015

  • 3.08% Increase in sold homes (1,400 homes vs 1,397 homes)
  • 4.51% Increase in home sales volume
  • 1.39% Increase in average sale price ($161,686 vs $159,468)
  • 4.80% Increase in median sale price ($131,000 vs $125,000)

January – February 2016 vs January – February 2015

  • 6.66% Increase in sold homes (2,820 homes vs 2,644 homes)
  • 8.54% Increase in home sales volume
  • 1.77% Increase in average sale price ($163,961 vs $161,117)
  • 6.52% Increase in median sale price ($129,950 vs $122,000)

Mortgage Interest rates are still low. The average price of homes has climbed due to the low inventory of homes available for sale. There is a strong demand for quality homes. If priced correctly and if the home is in move-in condition, a higher purchase price might be obtainable. Contact your agent for a current market analysis.

Look at homes for sale here.

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