Cincinnati ranks No. 2 for fastest home sales in the country

Single family homes and condos are selling faster in the Cincinnati area than any other market in the country except one, according to a national housing report from real estate market tracker, Re/Max.

Homes sold in the Cincinnati area stayed on the market an average of 21 days before coming under contract, ranking just behind Omaha, Nebraska for the shortest time on the market out of 53 metro areas surveyed.

The number of days on the market in Cincinnati was less than half the national average of 41 days – only the second time in the housing report’s 13-year history that the national number fell that low.

An unprecedented shortage of inventory both locally and nationally has forced buyers to act fast and bid up prices for a dwindling number of available homes for sale.

See full report here.

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