Source: pawel.gaul / Getty
According to RE/MAX’s June national housing report, Cincinnati’s tri-state area is the hottest selling real estate market in the U.S. Houses in the area are selling so fast that the average time a house is on the market is just over a week at nine days! Just for a little context to understand how crazy this is, the national average for June was 24 days.
News & Exclusive Contest in Your Inbox:
In addition to homes selling fast in Cincinnati, the median home price in the Cincinnati area went up by 18.5% in the last year. Rental prices have also been going up in the area with the median landing at $1,200 which is also a 17.1% increase from June of 2020. “Looking forward, rents aren’t expected to slow unless we see a fundamental shift in the number of homes for sale and for rent,” said Realtor.com Chief Economist Danielle Hale.
If you’re looking into entering the housing market (rental or selling) bring a bit of patience along with your check because it doesn’t appear to be slowing down anytime soon.
The Latest:
- Urban One Founder Cathy Hughes Celebrates 75th Birthday!
- One Vote
- Gabby Sidibe Is Sharing All The Details Of Her Upcoming Wedding Dress: ‘I Definitely Don’t Need a White Dress’
- Elderly Black Women Among Buffalo Shooting Victims
- Girl, 8, critical after shooting at Weinland Park
- Buffalo Suspect Pushed 'White Replacement' Conspiracy Theory: Report
- ‘White Supremacist’ Safely Arrested After Buffalo Supermarket Massacre
- Chloe Bailey Shows Off Her Killer Curves In Latest IG Post
- Senate Nominee Cheri Beasley Beats Back Republican Attacks
- Lori Harvey Trends On Twitter After Dropping Her Intense Weight-Loss Routine
- Tammy Franklin Speaks On Going From ‘Chaos To Calm’ And Living A Decluttered Life
- Brown v. Board of Education's Legacy Remains Unfulfilled
Cincinnati Has the Hottest Real Estate Market in the U.S. was originally published on rnbcincy.com