It was a beautiful day and families and painters arrived to “Paint The Street” in Cincinnati last Sunday.

The Fairfield and Fairfield Township home sales reflect the pricing pressure facing today’s sellers.

Just like real estate throughout metro Cincinnati, the average listing prices have decreased slightly and sale prices have remained the same or decreased slightly.

According to the Multiple Listing Service of Greater Cincinnati real estate activity is shown below:

Data from Greater Cincinnati Multiple Listing Service

Data from Greater Cincinnati Multiple Listing Service

34 single family homes and 3 condos closed in Fairfield and 17 single family homes and 1 condo closed in the Township during August.  In today’s market with 124 condos for sale in Fairfield and 16  condos in the Township- sellers need to consider what’ s going on and price their property for the next buyer.

Email with questions or if you need more detailed information.

Below is the Market Action Reports for 6 zip-codes in the greater Cincinnati area – click here to order your report….call or email for details.

Cincinnati real estate continues to be the hot topic for the media as well as buyers and sellers.  And while there a lot of greater Cincinnati homes for sale- detailed knowledge about Cincinnati homes -prices and activity helps you make  informed decisions.

The information covers all the single family homes in the zipcode- which usually encompasses several neighborhoods and sometimes different school districts. For specifics- call me.

45208

45233

45011

 
45014

45040

45069
 

This is the abbreviated version of the detailed information available for the zip-codes.

 

The survey says-

Nearly six-in-ten Americans (59%) say it is “unacceptable” for homeowners to stop making their mortgage payments, according to a Pew Research Center survey.  But more than a third say the practice of “walking away” from a home mortgage is acceptable, at least under certain circumstances.

No surprise that homeowners whose home values declined during the recession are more likely to say that “walking away” from a mortgage is acceptable. So do those who were unemployed or experienced other types of financial problems during the recession.  The survey points out as the housing markets continues to flounder in many parts of the country- more than 1 in 5 homeowners say they owe more on their mortgages than their homes are worth.  This is particularly evident in the West- (referred to as ground zero in the mortgage meltdown) where 25% of the people surveyed said it was ol to walk away versus just 19% of Midwesterners, 18% of the Southerners and 16% in the East.

The concept of walking away has some profound implications when it is estimated by Realty Trac Inc that lenders foreclosed on approximately 93,000 properties in July.

Saturday:

Susan G Komen Race for the Cure.  Start time @ 9 am downtown on the Riverfront at Great Anerican Ballpark.

Country AppleFest in downtown Lebanon- 10am- 7pm.  Stop by my listing at 23 N. Broadway (block north of Golden Lamb).  I will be there from 2-3:30.

Sunday:

Paint the Street downtown on 12th street.
Bring the entire family and help create a “masterpiece”.  Hope to see you there- we joining the fun before attending afternoon Pops concert.