Luxury home sales continue to perform well in the 2018 Greater Cincinnati market. Inventory is up for luxury homes which is due in part to the improvement in the weather and more sellers trying to sell during the peak selling season. Average days on market has decreased slightly which means homes are selling faster even in light of increasing interest rates. May’s results will be interesting to see since much of the rate increases started during May 2018. Higher interest rates will have a tendency to push home prices down, which compared to March 2018 the average selling price of a luxury home in Greater Cincinnati is up.
About the author: The above graphic was provided by Luxury Real Estate Specialist Paul Sian. Paul can be reached at paul@CinciNKYRealEstate.com or by phone at 513-560-8002. If you’re thinking of selling or buying your investment or commercial business property I would love to share my marketing knowledge and expertise to help you. Contact me today!
I work in the following Greater Cincinnati, OH and Northern KY areas: Alexandria, Amberly, Amelia, Anderson Township, Cincinnati, Batavia, Blue Ash, Covington, Edgewood, Florence, Fort Mitchell, Fort Thomas, Hebron, Hyde Park, Indian Hill, Kenwood, Madeira, Mariemont, Milford, Montgomery, Mt. Washington, Newport, Newtown, Norwood, Taylor Mill, Terrace Park, Union Township, and Villa Hills.