Buyers and sellers in greater Cincinnati would have a much easier time understanding the local real estate market if all the information was black or white!
If the information below is not detailed enough or if you are considering buying or selling your house or condo- call for detailed market analysis. Or Subscribe.
Unfortunately activity in the local real estate market can be described in many ways. In general, the sales volume and average sales prices are up when comparing the 2012 market to 2011.
The dollar sales volume for all 4 counties is higher and as you can see in the chart below the average sales prices is steady (Warren County) or ahead of last year.
|# Units||Avg Sales Price||# Units||Avg Sales Price|
The rise in the average sales price is good news for underwater owners and for today’s sellers, however prices are not back to the highs we experienced before the housing bubble burst. Unfortunately local sales have slowed because not enough new listings are popping up to grab buyers and fence sitting potential sellers tend to delay putting their property on the market until after the holidays. So if you are waiting until January to sell the black and white message is very clear- buyers are buying now and interest rates remain at a historic low. If you’re serious about selling-now is the time to list!
If you’re not sure about sale prices each neighborhood and home has unique characteristics- send a request for a market evaluation.