5.5 Months Housing Supply (6.8 Months, December 2012)
33% of homes sold were on the market for less than a month. (November 2013, 37%)
26% were on the market 4 months or longer. (November 2013, 25%)
Average DOM* for Sales
Balanced Market When housing supply falls between 5-6 months it is considered a balanced market, neither Seller nor Buyer has an advantage. Check out what’s happening in your neck of the woods!
Single Family 86 Days Condo 140 Days *Days on Market
Lender-Involved Sales Bank-Owned (REO) Pre-Foreclosure Short Sales
28% Source of Purchase Funds 30% Cash 46% Conventional 17% FHA 4% VA 3% Other
Sales Up 5% As Compared To December 2012
Average Sales Price $161,224 Up 2% Over December 2012
Residential (Single Family & Condo) Market Stats for Greater Cincinnati As Of December 31, 2013 Source: Multiple Listing Service of Greater Cincinnati, Inc. CopyrightŠ Karen Schlosser January 2014