2. MEDIAN SALES PRICE
CINCINNATI MLS
The Median Price for all homes sold in May was $154,500, which is 12% higher than the
median price in April and 9% higher than the median price in May 2014.
MAY 2015
$154,500
$142,000
9%
MAY 2015
MAY 2014
$154,500
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
3. CLOSED TRANSACTIONS
CINCINNATI MLS
The Market Trend Report for May showed a 15% increase in the number of Closed
Transactions over April and a 3% decrease over sales in May 2014.
MAY 2015
2,295
2,235
3%
MAY 2015
MAY 2014
2,295
0
500
1000
1500
2000
2500
3000
4. DAYS ON THE MARKET
CINCINNATI MLS
The average Days on the Market for all homes sold in May was 60. This is 8 days less
than the average in April and 2 days less than the average in May 2014.
MAY 2015
60
62
3%
MAY 2015
MAY 2014
60
0
10
20
30
40
50
60
70
80
90
5. MONTHS SUPPLY OF
INVENTORY
CINCINNATI MLS
The number of Months Supply of Inventory at the end of May was 3.3 which is a 6%
increase from April and a 13% decrease from May 2014.
MAY 2015
3.3
3.8
13%
MAY 2015
MAY 2014
3.3
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
6. Description
The Market Trend Report is distributed each month on or about the 15th.
The Report is based on data provided by Terradatum from the local
Cincinnati Multiple Listing Service and is not annualized. While MLS and
Terradatum data are believed to be accurate, it cannot be
guaranteed. MLS data is constantly being updated, making any analysis
a snapshot at a particular time. Data for prior periods is not being
recalculated for this report.
Definitions
Median Sales Price is the median price of all residential properties sold
during the month. Closed Transactions are the number of residential
transactions closed during the given month. Days on the Market is the
number of days that pass from the time a property is listed until the
property goes under contract for all residential properties sold during the
month. Months Supply of Inventory is the total number of residential
properties listed for sale at the end of the month (active inventory)
divided by the number of sales contracts signed (pended) during the
month).
