4.3 Months Housing Supply (4.6 Months, April 2014)
47% of homes sold were on the market for less than a month. (April 2014, 42%)
24% were on the market 4 months or longer. (April 2014, 30%)
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 82 Days Condo 106 Days *Days on Market
Lender-Involved Sales Bank-Owned (REO) Pre-Foreclosure Short Sales
18% Source of Purchase Funds 27% Cash
Sales Down 1% As Compared To May 2013
51% Conventional 17% FHA 4% VA 3% Other
Average Sales Price $182,787 Up 4% Over May 2013
Residential (Single Family & Condo) Market Stats for Greater Cincinnati As Of May 31, 2014 Source: Multiple Listing Service of Greater Cincinnati, Inc. Copyright© Karen Schlosser June 2014