Median Cincinnati Real Estate Prices
January 16th, 2012 categories: Sales, Stats
According to a report issued by the National Association of Realtors covering real estate sales across the United States- thing really are improving in the greater Cincinnati housing market!
Greater Cincinnati sales and median price has increased over the same time frame in 2010.
The median price rose $900 which doesn’t sound like much until you look at other locations where the prices have decreased by thousands of dollars. However I admit I cannot quite figure out what number NAR is utilizing in this report and the disclaimer at the bottom of the chart indicates that I may never be able to. Pulling stats from the Cincy MLS for single family homes sold between January and November of 2011 shows an Average List Price of $164,632 and Average Sale Price of $155,054. The Median List Price was $126,000 and Median Sale Price was $120,000. Not far off from NAR numbers -but sometimes I wish the economists would define the parameters so mere mortals could grasp what’s real and what isn’t.
If you’re in the market for a home or condo, currently selling or thinking about selling- have your agent pull current MLS data for the area and make an informed decision. The information from the Cincy MLS doesn’t require manipulation and a Phd in economics to understand.
Need help figuring out median and average list and sale prices for your area-feel free to call or email me.
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