Local Home Sales Report for October 2017

HomeSales_Oct2017.jpgMany homes are still selling quickly due to low inventories of homes for sale. Mortgage interest rates remain low. Here are the sales statistics for October 2017 for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati

October 2017 vs October 2016

  • -6.73% Decrease in homes sold (2,052 homes vs 2,200)
  • 2.85% Increase in average sale price ($199,616 vs $194,086)
  • 1.29% Increase in median sale price ($157,000 vs $155,000)
  • -4.07% Decrease in gross sales volume ($409,612,540 vs $426,990,135)

January – October 2017 vs January – October 2016

  • -.92 % Decrease in homes sold (22,116 homes vs 20,321)
  • 5.93% Increase in average sale price ($202,211 vs $190,895)
  • 6.58% Increase in median sale price ($162,000 vs $152,000)
  • 4.95% Increase in sales volume ($4,472,799 vs $4,260,972,216)

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

Dayton

October 2017 vs October 2016

  • 3.17% Increase in homes sold (1,367 homes vs 1,325)
  • 3.12% Increase in average sale price ($154,695 vs $150,013)
  • 4.08% Increase in median sale price ($130,000 vs $124,900)
  • 6.39% Increase in sales volume ($211,468,609 vs $198,767,519)

January – October 2017 vs January – October 2016

  • 1.14% Increase in homes sold (13,775 homes vs 13,620)
  • 6.05% Increase in average sale price ($156,088 vs $147,190)
  • 6.35% Increase in median sale price ($134,000 vs $126,000)
  • 7.25% Increase in sales volume ($2,150,112,912 vs $2,004,733,228)

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

Northern Kentucky

October 2017 vs October 2016

  • -7.68% Decrease in homes sold (589 homes vs 638)
  • 6.23% Increase in average sale price ($180,727 vs $170,126)
  • 3.33% Increase in median sale price ($155,000 vs $150,000)
  • -1.93% Decrease in sales volume ($106,448,636 vs $108,540,622)

January – October 2017 vs January –October 2016

  • 1.93% Increase in homes sold (6,085 homes vs  5,970)
  • 2.77% Increase in average sale price ($179,995 vs $175,151)
  • 3.97% Increase in median sale price ($157,000 vs $151,000)
  • 4.75% Increase in sales volume ($1,095,271,303 vs $1,045,652,419)

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

Southeastern Indiana

October 2017 vs October 2016

  • 20% Increase in homes sold (114 homes vs 95 homes)
  • -7.2% Decrease in average sale price ($160,578 vs $173,002)
  • 7.1% Increase in median sale price ($152,500 vs $142,400)
  • 11.4% Increase in sales volume ($18,305,870 vs $16,435,177)

January – October 2017 vs January – October 2016

  • 6.3% Increase in homes sold (1,039 homes vs 977 home)
  • 7.9% Increase in average sale price ($164,683 vs $152,495)
  • 3.6% Increase in median sale price ($144,000 vs $139,000)
  • 10.5% Increase in sales volume ($164,583,438 vs $148,987,900)

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

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Northern Kentucky Sees a Sixteen Percent Rise in Average Home Sale Price

IMG_0196In Northern Kentucky there was a 15.85% increase in the average sale price of homes for January 2016 as compared to January 2015. Here are the statistics for the month:

January 2016 vs January 2015

  • 15.85% Increase in average sale price ($165,890 vs $143,194)
  • 14.54% Increase in median sale price ($145,000 vs $125,500)
  • -1.67% Decrease in homes sold (295 homes vs 300 homes)
  • 13.92% Increase in sales volume
  • 69 average days on market (vs 74 days on market in 2015)

It’s a great time to list and sell your home. Home values are rising, inventory of homes for sale is low and mortgage interest rates have remained low.

Look at homes for sale here.

Statistics courtesy of: Northern Kentucky Association of Realtors Home Sales Report, January 2016