North Cincy News

The Greater Cincinnati real estate market demonstrated notable growth in May 2024, according to the latest data from the Multiple Listing Service (MLS) of Greater Cincinnati. The report highlights significant increases in various market metrics, underscoring a strong performance in the region’s housing sector.

The total sold volume for May 2024 reached $701,262,515, contributing to a year-to-date (YTD) total of $2,394,094,973. This represents a 12.3% increase compared to the prior YTD figure of $2,131,736,585. The median sold price for single-family residences and condominiums in Hamilton, Butler, Warren, and Clermont counties also saw a rise, standing at $310,000—a 3.7% increase from the previous year.

Key highlights from the report include:

- Units Sold: 1,852 units were sold in May 2024, marking a 9.4% increase compared to the same month last year.

- New Listings: There were 2,182 new listings—an increase of 17.6% from the previous year.

- Active Inventory: The active inventory experienced a 28.3% rise totaling 1,815 units.

- Median Days on Market: The median days on market remained steady at three days.

Tracy Dunne, President of the REALTOR® Alliance of Greater Cincinnati commented on these trends: “The consistent growth in our real estate market is a testament to the resilience and attractiveness of the Greater Cincinnati area. Our community continues to thrive offering valuable opportunities for both buyers and sellers. The increase in new listings and active inventory is particularly promising as it reflects a healthy and dynamic market environment.”

These statistics are positive indicators for the local economy suggesting robust activity and confidence in the housing market. As the region continues to develop, the REALTOR® Alliance of Greater Cincinnati remains committed to supporting sustainable growth and providing valuable resources to its members and community.

For more information about the Greater Cincinnati real estate market or to speak with a representative please contact:

REALTOR® Alliance of Greater Cincinnati has provided graphics allowing public viewing of several market performance metrics such as units sold closed prices number of listings and more. For additional information contact Shawn Maus Director of Communications and Marketing at smaus@cincyrealtoralliance.com.