March 2018 Local Home Sales Report for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana

花火8Home sales were strong for the month even though they did not meet March 2017 numbers. Home values are still rising and mortgage interest rates remain low. Here are the sales statistics for March 2018 for Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana:

Cincinnati
March 2018 had the second highest number of home sales units in 12 years.

March 2018 vs March 2017

  • -4.88% Decrease in homes sold (2,085 homes vs 2,192 homes)
  • 6.26% Increase in average sale price ($205,881 vs $193,749)
  • 7.96% Increase in median sale price ($169,500 vs $157,000)
  • 1.07% Increase in gross sales volume ($429,262,349 vs $424,698,015)

January – March 2018 vs January – March 2017

  • -3.06% Decrease in homes sold (4,914 homes vs 5,069 homes)
  • 5.87% Increase in average sale price ($197,423 vs $186,470)
  • 6.32% Increase in median sale price ($158,950 vs $149,500)
  • 2.64% Increase in gross sales volume ($970,136,643 vs $945,216,219)

Statistics courtesy of Cincinnati Area Board of Realtors March 2018 Home Sales Report

Dayton
In the Dayton market area, the number homes sold, average sale price, median sale price and sales volume all increased for the January through March  2018 time period.

March 2018 vs March 2017

  • -1.0% Decrease in homes sold (1,288 homes vs 1,301 homes)
  • 1.21% Increase in average sale price ($151,537 vs $149,720)
  • 0.0% Increase in median sale price ($130,000 vs $130,000)
  • .20% Increase in sales volume ($195,179,397 vs $1194,785,740)

January – March 2018 vs January– March 2017

  • .73% Increase in homes sold (3,042 homes vs 3,020 homes)
  • 3.92% Increase in average sale price ($150,378 vs $144,701)
  • 1.16% Increase in median sale price ($128,300 vs $126,825)
  • 4.68% Increase in sales volume ($457,449,647 vs $436,996,761)

Statistics courtesy of Dayton Area Board of Realtors March 2018 Home Sales Report

Northern Kentucky
In Northern Kentucky, average sale prices rose by over nine percent during March.

March 2018 vs March 2017

  • -14.31% Decrease in homes sold (557 homes vs 650 homes)
  • 9.21% Increase in average sale price ($192,009 vs $175,819)
  • 10.07% Increase in median sale price ($165,000 vs $149,900)
  • -6.42% Decrease in sales volume ($106,949,323 vs $114,282,381)

January – March 2018 vs January – March 2017

  • -5.74% Decrease in homes sold (1,380 homes vs 1,464 homes)
  • 9.42% Increase in average sale price ($183,013 vs $167,263)
  • 11.07% Increase in median sale price ($160,000 vs $144,050)
  • 3.14% Increase in sales volume ($252,558,461 vs $244,873,742)

Statistics courtesy of Northern Kentucky Association of Realtors March 2018 Home Sales Report

Southeastern Indiana
Year-to-date, Indiana has had an increase in the number of homes sold, average sale price and sales volume.

March 2018 vs March 2017

  • -11.6% Decrease in homes sold (99 homes vs 112 homes)
  • -11.3% Decrease in average sale price ($250,913 vs $170,104)
  • -12.9% Decrease in median sale price ($130,000 vs $149,200)
  • -21.6% Decrease in sales volume ($14,940,356 vs $19,051,698)

January – March 2018 vs January – March 2017

  • 3.3% Increase in homes sold (249 homes vs 241 homes)
  • -2.8% Decrease in average sale price ($151,013 vs $152,035)
  • -2.6% Decrease in median sale price ($132,500 vs $136,000)
  • 2.6% Increase in sales volume ($37,602,325 vs $36,640,408)

Statistics courtesy of Rick McMillin – Southeastern Indiana Board of Realtors MLS Homes Sold Report dated April 23, 2018.