6.6 Months Housing Supply (7 Months, February 2013)
32% of homes sold were on the market for less than a month. (January 2014, 33%)
32% were on the market 4 months or longer. (January 2014, 27%)
Average DOM* for Sales
Buyer’s Market When housing supply rises above 5-6 months, it is considered a Buyer’s market. Check out what’s happening in your neck of the woods!
Single Family 103 Days Condo 109 Days *Days on Market
Lender-Involved Sales Bank-Owned (REO) Pre-Foreclosure Short Sales
31% Source of Purchase Funds 38% Cash
Sales Down 3% As Compared To February 2013
43% Conventional 13% FHA 4% VA 2% Other
Average Sales Price $155,408 Up 8% Over February 2013
Residential (Single Family & Condo) Market Stats for Greater Cincinnati As Of February 28, 2014 Source: Multiple Listing Service of Greater Cincinnati, Inc. Copyright© Karen Schlosser February 2014