November Housing Sales Stats for Cincinnati, Northern Kentucky and Dayton Looking Strong!

Home sales in November were looking strong in all of Sibcy Cline’s market areas of Greater Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana. Total local home sales outpaced the national increase of 14.5%.

Greater Cincinnati Home Sales

  • 1,546 home sales – 24.3% increase from November 2011
  • Sales volume – 30% increase from November 2011
  • Average sale price-  4.6% increase to $153,994

Says Tom Hasselbeck, President of the Cincinnati Area Board of Realtors® (and the Sibcy Cline Fairfield VP/Sales Manager), “The continued, upward momentum of Cincinnati home sales is a strong indicator that our local economy is on the road to recovery. As long as the inventory of home remains lows, this will continue to put upward pressure on home prices. Add in our current interest rates, which remain at historic lows and you have a great environment for buying and selling a home.”

High-End Market for Cincinnati – 2012

  • 58 homes priced $1+ million sold (57 such homes sold in 2011)
  • In November 2012, two homes priced at more than $3 million sold

Northern Kentucky Homes Sales

  • 391 home sales – 5.4% increase from November 2011
  • Sales volume – 5.2% decrease from November 2011
  • Average sale price  – 10% decrease from November 2011

Dayton Home Sales

  • 894 home sales – 22% increase from November 2011
  • Sales volume – 28.8% increase from November 2011
  • Average sale price – 5.2% increase to $121,748

The Dayton real estate market has seen improvement in its sales for the 10 of 11 months in 2012. There are 4.5% fewer homes listed on the market in November than the month prior. With 6,889 listings, this is the lower number of inventory since March 2005. States the Business Journal, “A declining inventory can indicate continued increases in both home sales and prices.”

Ohio Home Sales Activity

  • 9,254 Home sales – 23.6% increase from November 2011
  • Sales volume- 35.1% increase from November 2011
  • Average price ($135.392) – 8.5% increase from November 2011

Ohio Home Sales Year-To-Date (January – November 2012)

  • 104,001 home sales – 14.0% increase from 2011
  • Sales volume – 20.2% increase from 2011
  • Average sale prices ($135,460) – 5.1% increase from 2011

National Home Sales

Nationally, home sales increased 14.% in November. These sales were the highest seen in three years and are a sign of a recovery of the housing market. Read more statistics about the national real estate market here.