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Cincinnati Real Estate Market Update 04Jun2020
Downtown lights from a home on Klotter Avenue in Clifton
May 2020 sales were down -29.1% compared to 2019, but sales prices are up compared to the prior year
May is behind us, so it's time to review the sales data for the month. On May 7th, I predicted the number of sold homes would be down -30 to -40% for May 2020 compared to May 2019. How did I fare?
  • Sales were down -29.1% for May 2020 compared to May 2019, which is less of a reduction than I had anticipated.
  • Two bedroom (-37.4%) and 5+ bedroom (-51.5%) were down the most compared to May 2019.
  • Three and four bedroom home sales were down -24.5 and -27.7%, respectively.
  • Despite the reduction in sales volume, average sales price was up +2.7% and the median was up +6.4%.
  • Sales price per square foot was up even higher at approximately +7% compared to May 2019
What about June and July?
  • Newly signed purchase contracts from 27May to 02Jun were at the highest levels seen so far in 2020 at 285 deals. The reverses a two week decline from the previous high of 283.
  • I predict that sales in June 2020 will be down -8% to -18% compared to 2019, while July sales are within ±5% of July 2019.
  • Peak sales for 2020 are likely to take place in July or August
Please contact me if you have any questions at 513-830-8227 or beppert@pivotrealty.com. I would be happy to discuss further.
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This 4 bedroom, 4 bath home was built in 1896. The 4000+ square foot home has rich hardwood floors and amazing architectural details throughout. Located across the street from a $55 million dollar development project to be completed in 2022.
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This is a place that is about more than just excellent food. It is on a mission to create a better community. Since my wife is a vegetarian, it helps immensely that all of their sides are meat-free. Just Q'in is located in Walnut Hills. Order online for carryout or stop by and dine-in.
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You also reach me at beppert@pivotrealty.com  or call (513) 830-8227

Bryan Eppert, Pivot Realty | Website
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