4.8 Months Housing Supply (4.4 Months, July 2014)
46% of homes sold were on the market for less than a month. (July 2014, 47%)
18% were on the market 4 months or longer. (July 2014, 19%)
Average DOM* for Sales
Seller’s Market When housing supply drops below 5-6 months, it is considered a Seller’s market. Check out what’s happening in your neck of the woods!
Single Family 74 Days Condo 104 Days *Days on Market
Lender-Involved Sales Bank-Owned (REO) Pre-Foreclosure Short Sales
13% Source of Purchase Funds 24% Cash
Sales Down 14% As Compared To August 2013
54% Conventional 15% FHA 4% VA 3% Other
Average Sales Price $190,753 Up 10% Over August 2013
Residential (Single Family & Condo) Market Stats for Greater Cincinnati As Of August 31, 2014 Source: Multiple Listing Service of Greater Cincinnati, Inc. Copyright© Karen Schlosser September 2014