Although this is a challenging time, real estate remains strong with low interest rates and a constantly rotating inventory of homes for sale. There are plenty of buyers in the market now looking for a home. Take a look at our regional home sales report for March 2020.

During this concerning time of Coronavirus, please take advantage of Sibcy Cline’s weekly Virtual Open House Weekend tours on Facebook.

Sibcy Cline is also promoting a #HighlightReel with our homes sellers’ favorite images of their homes on http://www.sibcycline.com. It’s an expressive way to see an interesting photo of home for sale right from your own home!

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

CINCINNATI / SOUTHEASTERN INDIANA

Home sales in the region were strong and down just slightly as compared to March 2019. Average home sale prices continue to increase.

March 2020 vs March 2019

• -.45% Decrease in homes sold (1,987 homes vs 1,996 homes)
• 13.12% Increase in average sale price ($231,986 vs $205,075)
• 14.71% Increase in median sale price ($195,000 vs $170,000)
• 12.61% Increase in gross sales volume ($460,955,271 vs $409,330,177)

January–March 2020 vs January–March 2019

• 4.45% Increase in homes sold (4,925 homes vs 4,715 homes)
• 7.67% Increase in average sale price ($223.485 vs $207,569)
• 8.82% Increase in median sale price ($185,000 vs $170,000)
• 12.46% Increase in gross sales volume ($1,100,662,113 vs $978,686,063)

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

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DAYTON

Despite the COVID-19 pandemic, Dayton area saw a gain in home sales as well as average and median sale prices throughout March.

March 2020 vs March 2019

• 11.76% Increase in homes sold (1,321 homes vs 1,182 homes)
• 13.83% Increase in average sale price ($184,756 vs $162,314)
• 17.09% Increase in median sale price ($161,000 vs $137,500)
• 27.21% Increase in sales volume ($244,062,634 vs $191,855,727)

January–March 2020 vs January–March 2019

• 9.33% Increase in homes sold (3,282 homes vs 3,002 homes)
• 12.95% Increase in average sale price ($177,066 vs $156,761)
• 13.06% Increase in median sale price ($151,500 vs $134,000)
• 23.49% Increase in sales volume ($581,129,170 vs $470,596,213)

Statistics courtesy of Dayton Realtors March 2020 Home Sales Report

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NORTHERN KENTUCKY

Home sales decreased in March as compared to March 2019. Average and median sale prices increased.

March 2020 vs March 2019

• -7.99% Decrease in homes sold (553 homes vs 601 homes)
• 16.18% Increase in average sale price ($223,606 vs $192,467)
• 12.02% Increase in median sale price ($192,000 vs $171,400)
• 6.90% Increase in sales volume ($123,654,435 vs $115,672,892)

January–March 2020 vs January–March 2019

• 3.22% Increase in homes sold (1,442 homes vs 1,397 homes)
• 11.03% Increase in average sale price ($213,178 vs $191,994)
• 9.09% Increase in median sale price ($180,000 vs $165,000)
• 14.61% Increase in sales volume ($307,403,814 vs $268,216,029)

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

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