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Cincinnati Real Estate Market News – 2020 Review & 2021 Forecast

by | Jan 1, 2021 | Market News, Real Estate

New Listings



vs. 2019





vs. 2019


Avg. Sale Price



vs. 2019


Avg. Days On Market



vs. 2019


Absorption Rate



vs. Equilibrium


Compared to 2019, New Listings in 2020 are down slightly. Closings are up a little and Avg. Sale Price is up significantly. Avg. Days On Market is up down dramatically and the Absorption Rate is at an all-time high again, for the 11th week in a row. Overall, these figures illustrate an extremely tight market, with very low inventory and strong demand. 

The Absorption Rate is a lesser known figure to the general public, but it may be the most important one. It factors in active & pending listings (current inventory), along with the average number of listings sold per month over the past 6 months. The resulting figure is the percentage of current inventory sold each month. Our current Absorption Rate of 54.67% can also be expressed as a 1.83 months’ supply of homes. This rate is 38% higher than the market equilibrium rate of 16.67%, or a 6 months’ supply of homes. When the absorption rate is higher than 16.67%, the market conditions favor sellers. When it’s lower than 16.67%, buyers have the upper hand.