Home Sales in Greater Cincinnati are Declining


( Cincinnati, OH ) - It's a sellers market right now according to Re\Max. New numbers released Monday by the real estate company show that home sales in the Greater Cincinnati area are decreasing faster than the national average.

The reason for the decline is due to a shortage of homes available.

The largest drop was in Butler County, where the number of homes sold has dipped 15% over the last year.

Homes that do end up on the market in Cincinnati, are selling nearly three weeks faster than they are elsewhere in the Country.

As the demand goes up, so does the price. The median home-sale price is up over $13,000 from August 2018.

You can review the full report here.