With increases across the board, the data indicates a robust housing market. Most notably, increases in inventory as well as increases in home prices help balance the market to create opportunities for both buyers and sellers. Here is a report by region of home sales throughout August 2024:
Cincinnati/Southeast Indiana
August 2024 vs August 2023
3.1% Increase in homes sold (1,676 homes)
2.7% Increase in median sale price ($301,000)
6.3% Increase in sales volume ($605,110,000)
44.6% Increase in active homes for sale (2,353 units)
48.6% Increase in new listings (2,190 units)
20% Increase median days on market (6 days)
January–August 2024 vs January–August 2023
1.8% Increase in homes sold (11,963 vs 11,755 homes)
6.1% Increase in median sale price ($297,000 vs $280,000)
7.9% Increase in sales volume ($4,280,000,000 vs 3,970,000,000)
Statistics courtesy of REALTOR® Alliance of Greater Cincinnati's Home Sales Report
Dayton and Springfield, Ohio
August 2024 vs August 2023
-1.05% Increase in homes sold (1,318 homes vs 1,332 homes)
5.96% Increase in median sale price ($249,000 vs $235,000)
8.53% Increase in sales volume ($377,825,438 vs 348,123,057)
-7.86% Decrease in new listings (1654 vs 1795)
January–August 2024 vs January–August 2023
11% Increase in new listings (11987 vs 10799)
10.25% Increase in homes sold (9781 vs 8872)
8.55% Increase in median sale price ($239,900 vs $221,000)
20.91% Increase in sales volume ($2,725,275,808 vs 2,253,912,359)
Statistics courtesy of Dayton REALTORS® Home Sales Report
Northern Kentucky
August 2024 vs August 2023
-9% Decrease in homes sold (538 homes vs 593 homes)
9% Increase in median sale price ($305,000 vs $279,321)
-5% Decrease in sales volume ($181,600,000 vs. $192,000,000)
8% Increase in new listings (795 vs 736)
5% Increase in average days on market (22 vs 21)
January–August 2024 vs January–August 2023
0% Increase in homes sold (4,000 homes vs 3,991 homes)
4% Increase in median sale price ($279,880 vs $270,000)
5% Increase in sales volume ($1,280,000,000 vs $1,230,000,000)
5% Increase in new listings (5474 vs 5193)
11% Increase in average days on market (30 vs 27)
Statistics courtesy of N. Kentucky Association of REALTORS®
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