4 Months Housing Supply (4.3 Months, May 2014)
51% of homes sold were on the market for less than a month. (May 2014, 47%)
20% were on the market 4 months or longer. (May 2014, 24%)
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 68 Days Condo 133 Days *Days on Market
Lender-Involved Sales Bank-Owned (REO) Pre-Foreclosure Short Sales
14% Source of Purchase Funds 21% Cash
Sales Up 5% As Compared To June 2013
56% Conventional 16% FHA 4% VA 3% Other
Average Sales Price $189,838 Up .5% Over June 2013
Residential (Single Family & Condo) Market Stats for Greater Cincinnati As Of June 30, 2014 Source: Multiple Listing Service of Greater Cincinnati, Inc. Copyright© Karen Schlosser July 2014