Home Sales Statistics

Posted on: May 23rd, 2022 by MarketingTeam No Comments

We remain in a one-of-a-kind market! Looking at data from a year ago, we have had a .04% increase in total sold volume, with a median price increase of 4.8%; however, we continue to feel the strain of supply shortages as listings from that same timeframe are down by 2.8%. March 2022 to April 2022… Read More »

January 2022 – Units Sold Decrease 2.6%

Posted on: February 28th, 2022 by Christy Beaver No Comments

We typically see a drop in closed sales from December to January, but the last few years have seen an increase in January closings year-over-year.  Although the year-over-year difference isn’t huge, it is notable. Active inventory numbers are continuing to set all-time lows. While the January Median Sales price dropped 5.3% from December, it is… Read More »

December 2021 – A Strong End to 2021

Posted on: January 24th, 2022 by Christy Beaver No Comments

The 2021 Cincinnati housing market ended on a strong note. Median Sales price might have gone down from the month prior, but broke records for December. Inventory numbers are still sitting at record lows, but December 2021 saw more new listings than December of 2019, 2018, or 2017. “With $604,179,377 in total sold volume, 2021… Read More »

November 2021 – Affordability, Inflation, and a Hedge Against It

Posted on: December 13th, 2021 by Christy Beaver No Comments

November 2021 had the lowest affordability rate that the Cincinnati housing market has seen in the last five years. “Between the increased housing prices and the 6.5% inflation of prices of consumer goods seen in 2021, the affordability rate being low doesn’t come as a surprise,” says Stephanie Sudbrack-Busam, President of the Cincinnati Area Board… Read More »

October 2021 – Cincinnati Market Continues to Follow Seasonal Trends

Posted on: November 12th, 2021 by Christy Beaver No Comments

October 2021 – Cincinnati Market Continues to Follow Seasonal Trends October continued to fall in line with the seasonal trends we began to see in September. New listings are outnumbering the number of pending properties and showings are beginning to slow. October saw 2,573 new listings and 2,512 pending sales. October showing numbers are down… Read More »

September 2021 – Cincinnati Sees Seasonal Trends Beginning

Posted on: October 11th, 2021 by Christy Beaver No Comments

The Cincinnati housing market continues to sustain a strong demand with low inventory numbers and high sales prices, but are we beginning to see a shift? “While the numbers are higher than in past years, the data trends are beginning to fall in line with the seasonal trends we typically see year after year,” says… Read More »

August 2021 – Cincinnati Sees Price Adjustments

Posted on: September 14th, 2021 by Christy Beaver No Comments

August 2021 – Cincinnati Sees Price Adjustments While the Cincinnati housing market continues to be marked by strong sales prices, August marked the largest average price adjustment of homes on the market since before 2019.  In July, the average price adjustment was a decrease of 4.4%, which matched the largest adjustment in October and December… Read More »

July 2021 – Is it the Beginning of a Market Change?

Posted on: August 11th, 2021 by Christy Beaver No Comments

July 2021 – Is it the Beginning of a Market Change? July showed an interesting shift in the market. Compared to June 2021, the total sold volume is down $152,614,612 a decrease of 19.5%. While the Median Sold price is up 12.5% from July 2020, it is down 2.6% from June 2021. The Cincinnati area… Read More »

June 2021 – Shows Closings on an Upward Trend

Posted on: July 8th, 2021 by Christy Beaver No Comments

“To no surprise of any REALTOR® working in today’s market, the median sold price continues to rise.” says Stephanie Sudbrack-Busam, President of the Cincinnati Area Board of REALTORS®. Low interest rates and inventory shortages continue to help sellers reap the benefits of this strong market. The median sold price difference between June 2020 and June 2021 is up… Read More »

May 2021 Median Sold Price Increase Puts Pressure on Housing Affordability

Posted on: June 11th, 2021 by Christy Beaver No Comments

Interest rates continue to remain around 3%, according to the National Association of REALTORS® (NAR). Condo prices lead the way with prices up 18% from the same time last year, with single-family homes prices following closely behind at 17%. “The consistent trend of aggressive pricing and the shrinking supply of homes hitting the market continues to create a… Read More »