Very low interest rates, good weather as well as reasonable prices for homes have kept the real estate market strong even through there were COVID-19 stay-at-home orders.

Although sales were down, average and median sale prices rose  – encouraging news for those thinking about selling their homes.

Here is a report by region of homes sales throughout May 2020:

CINCINNATI / SOUTHEASTERN INDIANA

May 2020 vs May 2019

• -26.88% Decrease in homes sold (1,950 homes vs 2,667 homes)
• 3.24% Increase in average sale price ($238,994 vs $231,499)
• 5.37% Increase in median sale price ($201,250 vs $191,000)
• -24.52% Decrease in gross sales volume ($466,038,682 vs $617,407,053)

January–May 2020 vs January–May 2019

• -9.78% Increase in homes sold (8,816 homes vs 9,772 homes)
• 5.29% Increase in average sale price ($229,270 vs $217,757)
• 6.09% Increase in median sale price ($189,900 vs $179,000)
• -5.01% Decrease in gross sales volume ($2,021,243,057 vs $2,127,917,355)

Statistics courtesy of Cincinnati Area Board of Realtors May 2020 Home Sales Report

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DAYTON

May 2020 vs May 2019

• -25.29% Decrease in homes sold (1,285 homes vs 2,106 homes)
• 4.24% Increase in average sale price ($188,935 vs $181,258)
• 7.02% Increase in median sale price ($166,900 vs $155,950)
• -22.13% Decrease in sales volume ($242,781,843 vs $311,763,470)

January–May 2020 vs January–May 2019

• -10.25% Decrease in homes sold (7,583 homes vs 8,449 homes)
• 8.08% Increase in average sale price ($181,599 vs $168,020)
• 9.45% Increase in median sale price ($157,000 vs $143,450)
• -.08% Decrease in sales volume ($1,042,922,477 vs $1,043,742,673)

Statistics courtesy of Dayton Realtors May 2020 Home Sales Report

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NORTHERN KENTUCKY

May 2020 vs May 2019

• -25.80% Decrease in homes sold (558 homes vs 752 homes)
• 5.20% Increase in average sale price ($217,314 vs $206,571)
• 6.42% Increase in median sale price ($193,685 vs $182,000)
• -21.94% Decrease in sales volume ($121,261,268 vs $155,342,050)

January–May 2020 vs January–May 2019

• -8.47% Decrease in homes sold (2,529 homes vs 2,763 homes)
• 9.39% Increase in average sale price ($215,6 vs $196,761)
• 7.87% Increase in median sale price ($185,000 vs $171,500)
• .13% Increase in sales volume ($544,333,099 vs $543,652,032)

Statistics courtesy of Northern Kentucky Association of Realtors May 2020 Home Sales Report