Carl Horst Chief Executive Officer at Cincinnati Area Board of REALTORS | LinkedIn
Carl Horst Chief Executive Officer at Cincinnati Area Board of REALTORS | LinkedIn
The REALTOR® Alliance of Greater Cincinnati has released its June 2024 home sales report, indicating a positive trend in the real estate market across Hamilton, Butler, Warren, and Clermont counties. The data highlights an increase in median sold prices and active inventory, signaling a solid housing market despite decreased units sold.
According to the report, the total volume sold for June 2024 was $599,497,607, an 11% decrease compared to last year. The median sold price rose by 3.7% to $310,000. New listings saw a significant jump of 3.4%, contributing to an active inventory of 2,254 units. However, the number of units sold decreased by 12.3%, reflecting a market adjustment.
Year-to-date figures also show growth, with the total sold volume reaching $2,992,200,595—a 6.7% increase from the prior year-to-date total of $2,805,528,475. The year-to-date median sold price climbed by 6.2%, from $275,000 to $292,000. New listings for the year are slightly up by 0.7%, totaling 8,492.
Tracy Dunne, President of the REALTOR® Alliance of Greater Cincinnati commented on the latest data: “June’s home sales report underscores the resilience and strength of our local real estate market. Despite a slight dip in the number of units sold, the increase in median prices and active inventory indicates robust demand and a healthy market environment. Our members continue to work diligently to meet the needs of buyers and sellers in the Greater Cincinnati area.”
The median days on the market remained stable at three days—illustrating quick turnover and competitiveness within the current market.
For more information about the Greater Cincinnati real estate market or to speak with a representative please contact Shawn Maus Director of Communications and Marketing at 513-842-3011 or smaus@cincyrealtoralliance.com
REALTOR® Alliance of Greater Cincinnati has provided graphics allowing public access to several market performance metrics such as units sold closed prices number of listings and more If you need more information please contact Shawn Maus Director of Communications and Marketing at smaus@cincyrealtoralliance.com
Alerts Sign-up