Home sales slip in Cincinnati region, Butler County, but remain strong

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Home sales slip in Cincinnati region, Butler County, but remain strong

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Home sales for Butler County, Warren County and the Cincinnati region continued to hold steady through the first half of the year, but sales in October didn’t quite match those of October 2016. GREG LYNCH/STAFF

Homes sales for October remained strong in the Greater Cincinnati area, but couldn’t quite reach levels attained at the same time last year.

Home sales for the month were 2,052 compared to 2,200 in October 2016, down 6.73 percent compared to October a year ago, according to statistics released by the Cincinnati Area Board of Realtors.

The average home price climbed to $199,616 compared to $194,086 a year earlier, a 2.85 percent increase.

David Welch, the board’s president, said the average price of homes set another new record for the month of October, extending the region’s consecutive record months to sixteen.

“Home sales remain strong and, from all indications, should remain strong through the end of this year,” Welch said.

Butler County residential sales dipped from 413 in October 2016 to 387 this October, a 6.3 percent decrease. The average home price increased from $172,642 to $177,624, a 2.9 percent boost.

Warren County residential sales dropped precipitously, going from 318 in October 2016 to 251 this October, a 21.1 percent dip. Average home price decreased from $254,299 to $241,918, a 4.9 percent drop.

Nationwide, October home sales were up 2 percent from September on a seasonally adjusted basis, but were down 0.9 percent from October 2016.

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