home sales

Local realtors say they saw another drop in business last month, likely the leftover effect of the extreme winter weather.  Home sales fell 8 percent in the Cincinnati area compared to March 2013.  Northern Kentucky closings were off by 7 percent.  

Sales were down more than 6 percent across Ohio.  Chris Hall, president of the Ohio Association of Realtors had this take:  

Area realtors say 2013 ended on a high note for home sales.  The Cincinnati Area Board of Realtors is reporting December closings rose 14.2 percent compared to a year earlier.  For the entire year, sales increased 20.84 percent.  The average home price rose 5.75 percent last year to $165,037.  

"The Greater Cincinnati Housing Market continues to improve at a moderate rate," said Ken Parchman, President of the CABR, in a statement.  "Our low inventory coupled with relatively low interest rates and stronger demand pushed the average price higher."

Home sales up 24% in Cincinnati

For the 26th straight month Cincinnati homes sales have continued to climb. In August they were up 24% when compared to the same month last year. President of the Cincinnati Area Board of Realtors Kevin Kelly says, "Our local housing market is very active and properties that are in good condition and are prices right seem to be selling quickly."

Home sales are continuing their double digit climb in Greater Cincinnati and Northern Kentucky. For more than two years sales have increased.

In Cincinnati they edged up 31% from last July to this July. In Northern Kentucky it was 32%. The average selling price in Cincinnati is $179,000, up 8% from a year earlier.

For 22 straight months Greater Cincinnati home sales have continued to climb. In April they were up 24% in Cincinnati and 17% in Northern Kentucky.

Number of homes sold

Cincinnati home sales for last month totaled 1,919 compared to 1,547 a year ago. Four hundred sixty-nine homes were sold in Northern Kentucky in April compared to 400 in April of 2012.

Average selling price

Jay Hanselman

On Tuesday the organization Working in Neighborhoods  will release the latest Hamilton County foreclosure data.

Home sales in Cincinnati ended last year at the highest level since 2007.  The Area Board of Realtors says closings were up 12 percent from 2011.  December home sales rose more than 5 percent compared to the same month a year ago. 

Greater Cincinnati realtors are waiting to see what happens with the fiscal cliff. They don't want it to harm a recovering housing market.

For 17 months in a row Cincinnati and Northern Kentucky homes sales have increased. Cincinnati Area Board of Realtors President Tom Hasselbeck hopes the upward trend continues.

"It's all a combination of excellent interest rates, eager home buyers, the market is actually shrinking in terms of available homes."

Greater Cincinnati home sales are up for the fifteenth month in a row. In Cincinnati the gain was bigger at 11% when compared to the same month last year.

Northern Kentucky's sales increase was just 2%. In both places median prices are increasing and home inventories are declining, a sign realtors say indicates the buyer's advantage is starting to shrink.

(Cincinnati)

  • September  2012: Closings: 1,588   Average Price: $158,219
  • September 2011: Closings: 1,430    Average Price: $151,633

(Northern Kentucky)