This Weeks Cincinnati Real Estate Market Update

This Week's Real Estate Market Update for Cincinnati Area

The Cincinnati real estate market continues to show strong activity and positive trends for both buyers and sellers. Here’s a concise snapshot of what’s happening across different price segments and overall market dynamics.

Market Activity & Pricing Trends The total active listings stand at 2,313 with 2,615 properties pending sale, reflecting a robust pending ratio of 113%. This indicates strong buyer demand relative to available inventory. The average list price for active homes is around $462,700, while pending listings are averaging slightly lower at about $399,500, suggesting buyers are finding opportunities just below the asking prices.

The six-month average closed sales per month is approximately 1,447 homes, with an average of 31 days on market for sold properties. Final sale prices are close to original list prices, with sellers achieving about 98.8% of their original listing price on average, signaling a balanced market where pricing strategies are effective.

Segment Highlights

• Entry-Level Market (0-200k): This segment shows a high pending ratio of 116%, with homes selling quickly in about 32 days on average. The six-month average sold price is roughly $146,600, slightly below the average list price, indicating competitive but realistic pricing.

• Mid-Market (200k-500k): The most active segment with 1,249 active listings and 1,577 pending, posting a strong pending ratio of 126%. Homes here are selling within 29 days on average, with final sale prices closely matching list prices, highlighting a hot market for mid-range homes.

• Luxury Market (500k+): While this segment has fewer listings and pending sales, the pending ratio is lower at 86%, which is typical for higher-priced properties. Days on market are longer at around 37 days, and sellers are achieving nearly full asking prices, reflecting steady demand among luxury buyers.

Inventory & Supply The overall months supply of inventory is low at around 1.5 to 1.6 months, signaling a seller’s market with limited options for buyers. Particularly in the mid-market and entry-level segments, the months supply hovers around 1.2 to 1.4 months, underscoring the need for buyers to act quickly.

Advice for Buyers and Sellers For Sellers: Pricing your home competitively is key to attracting multiple offers quickly, especially in the entry-level and mid-market segments. With homes selling close to list price and in about a month or less, staging and marketing will further enhance your chances of a swift sale.

For Buyers: Be prepared to move fast and make strong offers, particularly in the 0-500k range where demand outpaces supply. Consider getting pre-approved and working closely with your agent to identify new listings early.

Beth Brown Ciul and The Cornerstone Home Group are here to help you navigate this dynamic market with confidence. Whether buying or selling, now is a great time to engage with the Cincinnati real estate market.

Let me know if you want me to include any specific neighborhood insights or focus on particular price ranges for your clients!