Real Housing Data for Greater Cincinnati
December 2nd, 2009 categories: Real Estate Sales, Real Estate Stats
Housing sales are up!
Housing sales are down!
It’s hard today to keep track of all the differing reports on the housing market. Confused- you’re not the only one. Just remember-real estate is local. Media reports about real estate sales, while indicative of the national trends, do not accurately represent our local market.
In simple terms- let’s compare single family closings for the same periods 2008 vs. 2009 (01/01-11/15 2008 vs. 2009). According to the Multiple Listing Service of Greater Cincinnati for our 4 county area:
The # of closings is down except in Hamilton County. Average sale price is down for all 4 counties- not by a lot- but prices remain below 2008. The one bright spot may be in the highest sale prices- both Clermont and Hamilton counties high end exceeded 2008.
The data is pretty straight forward- we are not in the slump of slumps experienced by many areas of the country- however sales prices are still below previous years. What it means is a continuation of a “buyer’s market” one where supply is still more than demand.
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