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Ohio Realtor Report Shows Cincinnati's Market Remains Red Hot

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The real estate market remains resilient, with both home prices and dollar volume rising compared to August of last year, despite a 3.4% drop in home sales for the month, according to the latest report from Ohio REALTORS.


Ohio Home sales in August 2024 reached 12,573, a 3.4% decrease from the 13,015 home sales recorded during the month a year ago. The average sales price across Ohio in August reached $302,384 a 5.8% increase from the $285,746 mark posted in August 2023.


"Although fewer homes were sold in August, the median home price and dollar volume saw increases year-over-year, reflecting sustained demand in a competitive market with limited inventory,” says Ohio REALTORS President Ali Whitley.


“An Ohio REALTOR serves as a professional partner, guiding buyers and sellers through the intricate process of home buying and selling, to successfully achieve their housing goals.” Around the state, 13 out of 14 markets tracked experienced an increase in average sale price for the month compared to August 2023. During the first eight months of the year, home sales activity is up 0.8% compared to January-August 2023. Year-to-date sales (January-August 2024) reached 87,702, up from the 86,963 homes sold a year ago. The average sales price during the period this year is $290,586 a 7.0% increase from the $271,492 mark set a year ago.


The Cincinnati Market remains strong with the median home sale just shy of $350,000 and a continued trend of increase in units and sales.



This content is copyright 2024 Ohio REALTORS. Read more at: https://www.ohiorealtors.org/home-sales-news-release/

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Last Updated 2.6.2025
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