Market Statistics for June 2022
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Median Sold Price
10.3%$290,000$259,000 YTD 10.0% $235,500 Prior YTD -
Units Sold
-10.1%2,0199,592 YTD -4.2% 10,014 Prior YTD -
Total Sold Volume
0.6%$706.99M$3.02B YTD 4.6% $2.88B Prior YTD -
Active Inventory
12.9%1,416 -
Median Days on Market
50.0%3 -
New Listings
-2.8%2,417 - Percent change is the comparison to the same month of the prior year.
Listing Prices Continue to Increase
April 2022 to May 2022 showed a 3.6% increase in new listings, and the average days on the market increased to 3 days. While we are beginning to a rise in the active inventory numbers, we saw a sharp 7.1% increase in median sales price from April to May 2022 as well. On Average, listings sold are receiving an average of 103.2% of the list price. “If selling your home is in your future…now is the time. Interest rates are rising,” says Kay Edwards, REALTOR® Alliance of Greater Cincinnati President. “Contact your local REALTOR® today!”