Mid-2025 Market Update
We’ve officially made it halfway through 2025, and there’s one thing clear about the Cincinnati real estate market it’s that it’s keeping everyone guessing. We’re seeing record highs, some surprising slowdowns, and plenty of stats that will hit differently depending on whether you’re selling or buying.
What happened in the First Half of 2025?
Single Family Homes
Through June 2025, nearly 11,000 homes have sold, making a 5.75% increase from last year, which means demand is clearly holding steady.
Single-family home values hit a record-high median of $332,000 in June, up 4.73% year-over-year and 4.5% year-to-date. Despite online chatter about housing bubbles, Cincinnati home prices are still climbing
But there’s a twist: homes are now taking longer to sell.
- June’s average days on Market: 22 Days (up 22% YOY)
- Year-to-date average: 33 Days (up 13%)
Homes are disappearing in the first weekend anymore, but that’s not necessarily bad news. Buyers finally have some breathing room, while sellers may need to adjust their expectations.
Condos
While single-family homes are hitting records, the condo market looks very different.
- June median condo prices: $230,000, down 3.36% YOY
- Year-to-date median: $225,000 (essentially flat)
The real shocker? Days on market have more than doubled. Condos averaged 38 days in June compared to just 18 last year, and year-to-date they’re sitting at 40 days. Why? Because buyers have more choices, sellers are firm on pricing, and condo shoppers tend to be more selective.
Inventory, Cancellations, & Pending Sales
For the first time in a while, buyers are starting to see more options:
- Active residential inventory is up 17.64% YOY (2,647 homes vs. 2,250 last June)
- Cancellations are up 36%, with 352 sellers deciding to step back. Many of these are due to pricing mismatches and rising days on market. Some sellers are even pulling and relisting to look “new” again.
- Pending sales in June fell 3.74% YOY, showing hesitations from buyers and sellers.
Despite this, Cincinnati is still in seller’s market territory, with just 1.25 months of supply ( a balanced market is 5.5). The frenzy has cooled, but leverage hasn’t fully shifted to buyers yet.
What’s happening right now?
- The perfect house, priced right and staged well, can still spark multiple offers, but it’s less common than before.
- There’s a growing gap between what sellers expect and what buyers will pay.
- Buyers have more time, more choices, and less urgency.
- Sellers can’t cut corners anymore. Homes need to shine, from pricing to presentation, if you want top dollar.
What to Expect Heading into the Second Half of the Year?
For Buyers: The second half of 2025 could be your best window yet if you’re tired of bidding wars. More inventory, fewer multiple-offer showdowns, and inspection contingencies are all back on the table. If interest rates drop as predicted, competition could heat back up quickly.
For Sellers: Homes are still selling, and demand is still strong. But patience is key. Instead of selling in one weekend, expect 10-20 days on the market, which is completely normal. Price strategically, invest in presentation, and adjust expectations, and you will still attract serious buyers.
Overall, the first half of 2025 brought record prices, more inventory, slightly slower sales, and a market moving closer to normal.
Whether you’re buying or selling, the playbook has shifted. Buyers finally have more leverage, while sellers still hold ground, but need to work harder to maximize returns.
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Thinking about a move in the second half of 2025? Don’t go in without a plan. As the #1 real estate team in Greater Cincinnati, Oyler Hines will create a strategy tailored to you. Contact us at [email protected] to get started today!
