Cincinnati Real Estate Market Stats August 2014

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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


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