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North Cincy News

Friday, November 1, 2024

Greater Cincinnati sees growth in home sales and prices

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Carl Horst Chief Executive Officer at Cincinnati Area Board of REALTORS | Official website

Carl Horst Chief Executive Officer at Cincinnati Area Board of REALTORS | Official website

Home sales and median prices in the Greater Cincinnati area saw an increase in September 2024 compared to the same month last year, according to the REALTOR® Alliance of Greater Cincinnati. In Butler, Hamilton, and Warren counties, home sales reached 1,492, marking a 3.1% rise from the previous year's figure of 1,304 sales. The median sales price climbed to $302,000 from $279,000 in September 2023.

“These latest figures underscore the strong opportunities for both buyers and sellers in our region,” stated Tracy Dunne, President of the REALTOR® Alliance of Greater Cincinnati. “The steady rise in home sales and median prices reflects consumers’ continued confidence in our local market. Whether you’re looking to buy or sell, it’s an encouraging time, and our REALTORS® are here to guide clients through these competitive market conditions, helping them make informed confident decisions.”

Year-to-date statistics show that from January to September 2024, home sales activity increased by 3.1% compared to the same period last year. A total of 13,464 homes were sold during this timeframe versus 13,059 homes a year ago. The median price for this period was $298,450—an increase from last year's $280,000.

The data is compiled from activities reported in the Multiple Listing Service of Greater Cincinnati and includes residential closings for new and existing single-family homes as well as condominiums. The REALTOR® Alliance represents over 5,600 real estate professionals adhering to a strict Code of Ethics.

For more detailed information on market performance metrics such as units sold or closed prices across Hamilton County or other areas within Ohio's 61 counties covered by this report—including downloadable PDFs with specifics—interested parties can contact Shawn Maus at smaus@cincyrealtoralliance.com.

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