North Cincy News

The latest real estate market review from the REALTOR® Alliance of Greater Cincinnati indicates a strong performance across Hamilton, Butler, Warren, and Clermont counties in April. The report reveals significant activity and trends that suggest a healthy housing market in these areas.

Key figures from April 2024 include closed sales totaling 1,593 across the four counties. Active inventory was recorded at 2,200 homes available for sale, offering a good selection for potential buyers. New listings saw an increase with 1,630 homes entering the market, marking a 13% rise compared to the previous month.

The median sales price stood at $286,000 despite a slight decrease of 3.1% from March, reflecting robust valuations in the local market. Homes sold for an average of $170 per square foot, which is up by 1.2% from March figures. Properties moved quickly with an average of just three days on the market.

Sellers received competitive offers averaging 100.8% of their listing price. Tracy Dunne, president of the REALTOR® Alliance of Greater Cincinnati stated: “The data from April indicates a vibrant local housing market, with high demand and swift sales, suggesting that this is an opportune time for sellers to enter the market.” She added that while buyers face competitive conditions, more opportunities are arising due to increased new listings.

These trends offer both challenges and opportunities for participants in the real estate community within these counties. The REALTOR® Alliance has provided various graphics for public viewing to further understand market performance metrics such as units sold and number of listings.

For additional information or inquiries regarding these statistics or related matters, Shawn Maus can be contacted via email at smaus@cincyrealtoralliance.com.