Are You Suffering From Information Overload?
January 25th, 2010 categories: Cincinnati, Ohio, Real Estate Sales, West Chester, Ohio
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.
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