Home sales continue to be brisk with many homes selling quickly due to low inventories of homes for sale. Move-in-ready homes in a desired location are often seeing multiple offers.  Mortgage interest rates remain low. Here are the sales statistics for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati

The Cincinnati region enjoyed the fourth highest July ever in sales even though sales were not as high as July 2016.

July 2017 vs July 2016

• -4.85% Decrease in homes sold (2,431 homes vs 2,555)
• 6.14% Increase in average sale price ($208,694 vs $196,625)
• 8.28% Increase in median sale price ($170,000 vs $157,000)
• .99% Increase in gross sales volume ($507,335,920 vs $502,376,528)

January – July 2017 vs January – July 2016

• .23% Increase in homes sold (15,149 homes vs 15,114)
• 6.23% Increase in average sale price ($201,572 vs $189,757)
• 6.62% Decrease in median sale price ($161,000 vs $151,000)
• 4.1% Increase in sales volume ($3,053,607,804 vs $2,867,993,751)

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

Dayton

July 2017 vs July 2016

• -2.54% Decrease in homes sold (1,934 homes vs 1,901)
• .10% Increase in average sale price ($157,132 vs $156,968)
• 3/71% Increase in median sale price ($136,900 vs $132,000)
• .99% Increase in sales volume ($507,335,920 vs $502,376,528)

January – July 2017 vs January – July 2016

• 2.29% Increase in homes sold (9,253 homes vs 9,046)
• 5.36% Increase in average sale price ($154,853 vs $146,973)
• 4.81% Decrease in median sale price ($133,000 vs $126,900)
• 7.77% Increase in sales volume ($1,432,851,217 vs $1,329,517,748)

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

Northern Kentucky

July 2017 vs July 2016

• -8.78% Decrease in homes sold (613 homes vs 672)
• 4.09% Increase in average sale price ($193,672 vs $186,063)
• .61% Increase in median sale price ($165,000 vs $164,000)
• -5.05% Decrease in gross sales volume ($118,721,014 vs $125,034,614)

January – July 2017 vs January – July 2016

• 3.63% Increase in homes sold (4,139 homes vs  3,994)
• 3.65% Increase in average sale price ($179,649 vs $173,323)
• 3.33% Increase in median sale price ($155,000 vs $150,000)
• 7.41% Increase in sales volume ($743,569,133 vs $692,255,131)

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

Southeastern Indiana

July 2017 vs July 2016

• -7.1% Decrease in homes sold (104 homes vs 112)
• 1.7% Increase in average sale price ($161,000 vs $158,326)
• 4.9% Increase in median sale price ($150,000 vs $143,000)
• -5.8% Decrease in sales volume ($16,700,000 vs $17,732,534)

January – July 2017 vs January – July 2016

• 1.8% Increase in homes sold (685 homes vs 673)
• 2.0% Increase in average sale price ($153,000 vs $150,019)
• -1.8% Decrease in median sale price ($136,000 vs $138,503)
• 4.1% Increase in sales volume ($105,100,000 vs $100,962,513)

Statistics courtesy of Rick McMillin – Southeast Indiana Association of Realtors Home Sales Report, August 1, 2017

Look at homes for sale in Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.