Number one question in real estate – What did that house or condo sell for?
And there is lots of interest in the high priced homes- as if the McMansion sales will help the rest of the market. High priced sales do reflect more confidence in the economy- so while not a scientific indicator of the local Cincinnati real estate market – comparing sales for the same time frame in 2012 to 2011 provides interesting information.
According to the Multiple Listing Service of Greater Cincinnati the top 5 single family home sales in Butler, Clermont, Hamilton and Warren for 1/1/-1/28 comparing 2011 to 2012-
January 2012 home sales, while lower in price, are spread all over the greater Cincinnati market and that is good news for sellers. 2011 sales were concentrated in Indian Hill and other high end areas were not getting the activity. It appears that 2012 is changing the trend.
Prices are up slightly and city sales seem to be outpacing the suburbs.
Overall the greater Cincinnati real estate market is holding and seems to be gaining a little bit of steam as we start 2012. The great weather (no heavy snow) is helping. In order to keep track of progress I’ll keep track of the top 5 every 30 days or so.
However if you can’t wait a month or would like detailed information about your area-call or email today.