"Cincinnati's prices and pace support its growing appeal. Cincinnati posted a median list price of $335,000 in November, up 4.7% from last year. Price per square foot rose 2.9% year-over-year, outperforming national trends, where PPSF declined 1.0%. The metro also recorded 13.3% PPSF growth since 2022, a defining marker of refuge markets where affordability and long-term appreciation coexist."
"Cincinnati appears in the 50 largest U.S. metros list for the month, where active listings increased 17.8% year-over-year and new listings rose 8.6%. Homes spent the same number of days on the market as last November, a contrast with national patterns showing slower buyer activity and longer selling times. This stability underscores how Cincinnati continues to attract shoppers despite broader affordability challenges."
Cincinnati is gaining visibility as buyers adjust to higher financing costs and strained affordability, prompting shifts toward lower-priced refuge markets. The metro posted a median list price of $335,000 in November, up 4.7% year-over-year, and price per square foot rose 2.9% year-over-year, with 13.3% PPSF growth since 2022. Active listings increased 17.8% year-over-year and new listings rose 8.6%, while days on market remained unchanged from last November. Nearby Louisville, KY showed weaker PPSF gains. Nationally, list prices and PPSF softened, reflecting broader market cooling.
Read at SFGATE
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