Cincinnati Real Estate Market Stats July 2014

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4.4 Months Housing Supply (4 Months, June 2014)

47% of homes sold were on the market for less than a month. (June 2014, 51%)

19% were on the market 4 months or longer. (June 2014, 20%)

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 75 Days Condo 108 Days *Days on Market

Lender-Involved Sales Bank-Owned (REO) Pre-Foreclosure Short Sales

15% Source of Purchase Funds 25% Cash

Sales Down 2% As Compared To July 2013

53% Conventional 15% FHA 4% VA 3% Other

Average Sales Price $185,937 Up 3% Over July 2013

Residential (Single Family & Condo) Market Stats for Greater Cincinnati As Of July 31, 2014 Source: Multiple Listing Service of Greater Cincinnati, Inc. Copyright© Karen Schlosser August 2014


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