Local Home Sales Report for July 2020

Home sales increased for all local regions in July. Home sales for the Cincinnati region set a record with the best sales record for that month ever: 2,825 homes were sold – up almost 11% from 2019. The dollar volume for the month increased by almost 22%. In the Dayton area, July also saw gains for home sales with all-time highs in average sale and median sales prices. With 1,773 homes sold in the area, the region had an over 6% increase in the number of homes sold as well as over 16% in sales volume. In Northern Kentucky, home sales increased by over 2%. Average and median sale prices also increased for the month.

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

CINCINNATI / SOUTHEASTERN INDIANA

July 2020 vs  July 2019

  • +10.91% Increase in homes sold (2,825 homes vs 2,547 homes)
  • 9.93% Increase in average sale price ($264,286 vs $240,410)
  • 12.95% Increase in median sale price ($218,000 vs $193,000)
  • 21.93% Increase in gross sales volume ($746,607,822 vs $612,324,260)

January–July 2020 vs January–July 2019

  • -5.50% Decrease in homes sold (14,205 homes vs 15,032 homes)
  • 6.12% Increase in average sale price ($240,4756 vs $226,617)
  • 7.08% Increase in median sale price ($198,000 vs $184,900)
  • .28% Increase in gross sales volume ($3,15,959,636 vs $3,406,513,171)

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

DAYTON

July 2020 vs July 2019

  • 6.29% Increase in homes sold (1,773 homes vs 1,668 homes)
  • 9.42% Increase in average sale price ($206,750 vs $188,950)
  • 9.09% Increase in median sale price ($180,000 vs $165,000)
  • 16.31% Increase in sales volume ($366,566,948 vs $315,168,484)

January–July 2020 vs January–July 2019

  • -3.19% Decrease in homes sold (9,172 homes vs 9,474 homes)
  • 8.26% Increase in average sale price ($190,812 vs $176,260)
  • 9.63% Increase in median sale price ($165,000 vs $150,500)
  • 4.81% Increase in sales volume ($1,750,126,850 vs $1,669,882,543)

Statistics courtesy of Dayton Realtors July 2020 Home Sales Report

NORTHERN KENTUCKY

July 2020 vs July 2019

  • 2.07% Increase in homes sold (789 homes vs 773 homes)
  • 10.52% Increase in average sale price ($233,078 vs $210,900)
  • 17.76% Increase in median sale price ($214,918 vs $182,500)
  • 12.80% Increase in sales volume ($183,898,800 vs $163,026,380)

January–July 2020 vs January–July 2019

  • -2.98% Decrease in homes sold (4,076 homes vs 4,201 homes)
  • 8.86% Increase in average sale price (221,142 vs $203,149)
  • 11.43% Increase in median sale price ($195,000 vs $175,000)
  • 5.62% Increase in sales volume ($853,433,062 vs $901,376,338)

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

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