March 2023 Home Sales Report

“We need more listings to stabilize this market”


April 14, 2023 – Hamilton, Butler, and Warren Counties’ home sales were up 3.3% from a year ago, and up 3.0% from February 2023.

“New listings are down 19 percent from this time last year. True to the theory of supply and demand, prices have increased. We are still in what we call a “seller’s market,” with the median home price up three percent to $258,500,” said Anne Uchtman, president of the REALTOR® Alliance of Greater Cincinnati. “It is undoubtedly an excellent time to sell, but this makes it a very difficult market for buyers. Especially in price points under the $350,000 mark, we continue to see sometimes 20 offers on a single property with bids well over asking price. This will likely continue for the next several months. We need more listings to stabilize this market.”

Other highlights include:

To view more market statistics, REALTOR® Alliance of Greater Cincinnati has provided the following images to allow members of the public to view several market performance metrics, such as units sold, closed prices, number of listings, and more.