Pending real estate sales for a few of greater Cincinnati’s school districts.

The housing market for single family homes and condos is chugging along- and some areas have experienced very slight price increases.  The good news is that sales are happening and while prices are may increase they are still much lower than the top of the market in 2005.

If you are thinking about selling or buying ask your Realtor to run the average sale price for your area for the last 7-10 years.   Sellers are surprised to see the price declines that began as the financial crunch began to unravel.

According to the Multiple Listing Service of Greater Cincinnati the following HUD properties have sold/closed.

If you are tracking and/or bidding on HUD properties the report provide. Or stay ahead of the real estate market by subscribing to thecincyblog now!

Yes it does?

The story of 2 days in Cincinnati real estate.  Sellers- the showing appointment you turned down on Monday- because -well because you didn’t want to make a bed or clean a bathroom.  You wanted the agent and buyers to come back on Tuesday because it was more convenient for you. 

Well -what a difference day can make in this real estate market.  Mr./Mrs/Ms. Seller remember Monday was sunny and flowers are actually starting to sneak above ground looking for spring.   Oh and the buyers you turned down went house hunting and wrote a contract on a different home.

On Tuesday, just 1 day later, West Chester, Fairfield, Mason and greater Cincinnati woke up to this- and some buyers backed away from house hunting until the roads were cleared.

Sellers (and buyers) cannot predict the real estate market so it’s important for sellers to always be ready for showings and for buyers to jump when new inventory hits the market.

Same real estate news-different week. 

Tracking real estate activity for single family homes in specific zips and this week’s data is the”same old/same old”  Housing prices remain steady, however the number of sellers reducing their list prices continues at a steady pace.

Below is the Market Action Reports for 6 zip-codes in the greater Cincinnati area:

45011

45014

 45040

45069


45208

45233

This is the short version of the detailed information available for the zip-codes- call or email if you would like the details. Last week’s stats

Unemployment is up!  Unemployment is down!  Salaries are up…salaries are down.  Interest rates are up….interest rates are down.  Home sales are up…..home sales are up.

Wait a minute-did you read it correctly.  Yes you did!

Real estate unit sales for Cincinnati, Hyde Park, Mason and West Chester are either ahead 2008 or just a little below.  No great crashes but no great leap and bounds either.  As usual for our market area no big gains in appreciation.  Unit volume is gaining and although prices are steady or increasing ever so slightly- sellers cannot expect to sell their homes/condos for the same price at 2002 or 2005.

It’s easy to spot the increase in unit sales- they’re highlighted in green.

And while we hear everyday about foreclosures and short sales (expect just as many in 2010) the 2 highest priced sales in 2009 indicate that the market is still moving.  The most expensive home sale was in Indian Hill -closing in June for $4,500,000.  The most expensive condo closed in March in Walnut Hills for $1,500,000.  (data from Multiple Listing Service of Greater.   For sale by owner data not available)

Cut down on information overload by talking to a real estate professional familiar with our market.

Call or email with questions.