2010’s housing market is sending mixed signals in the Lakota School District.

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

Data from Greater Cincinnati Multiple Listing Service

Listing prices up and sold prices declining for the majority of the market.  Sellers are patiently waiting for the market to come up to their price- which translates to a lot of inventory for buyers.  The tax credits require properties be under contract by April 30.    

More detailed information about your property’s market value is available-just email or call.

Fairfield and Fairfield T0wnship sales impacted by snow (and more snow).

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

The snow impacted buyer opportunities to get out and go house hunting.  The bad news is the average list and sale prices have declined slightly- the good news is the average price on pending sales has increased….which may help out the bottom line for sellers in 2010.  Only 50+ days for buyers to have a purchase contract to qualify for tax credits.  If you really want to buy or sell-now is the time.

Email with questions or if you need more detailed information.

Despite the break in the weather and continued low mortgage rates-it continues to be a “buyers” market.

Below is the Market Action Reports for 6 zip-codes in the greater Cincinnati area:

45011

45014

45040

45069

45208

45233

This is the short version of the detailed information available for the zip-codes- call or email for detailed reports.

February housing information for Mason Ohio.

According to the Multiple Listing Service of Greater Cincinnati:

Data from Greater Cincinnati Multiple Listing Service

At the end of February the listing and pending sale prices for single family homes increased while the average sale price decreased.  All of the pricing on Condos declined.  It will be important for sellers to monitor the average sale price in March and adjust list prices accordingly, (up or down) .

Comparing numbers from year end 2009. .

Need more detailed information- email or call.

The condo market in greater Cincinnati seems to be lagging behind the single family home sales- only Clermont county is ahead for the same time-frame.  Remember dollar volume does not equate to price increases-prices will likely remain flat through most of 2010.

To make the most of the recent tax credits, sellers need to be competitive and buyers need to be under contract by April 30th.

Related: Year End 2009

Mixed signals coming from single family home sales market in greater Cincinnati.  Hamilton, Clermont and Warren counties are ahead (slightly) the same time-frame in 2009.  Good news the dollar volume has increased.  The mix up occurs when sellers react to increase in sales dollars as an increase in sales price.  The prices are still depressed and will likely remain steady through 2010. 

Remember the current tax credit expires April 30th (Contract must be written/accepted by this date)-so I’ll be keeping an eye on real estate activity.

Related: Year end 2009

Below is the Market Action Reports for 6 zip-codes in the greater Cincinnati area:

45011

45014

45040

45069


45208

45233

This is the short version of the detailed information available for the zip-codes- call or email for detailed reports.

It’s hard to keep up with all the real estate information tossed around in the media these days. 

Well according to everybody-here is a look at the state of real estate-

• According to Warren Buffet the market will improve in 2011.
• Then there is the money.cnn.com article on Local Real Estate Forecasts
• The Cincinnati metropolitan area also missed Forbes Top 20 Most Miserable Cities List
• Cincinnati did make U.S. News & World Report for Top 10 Cities for Real Estate Steals
• Local Boards report on sales and prices in Cincinnati Enquirer

Confused by all the different data-remember real estate is local.  In some cases you have to drill the numbers down to a specific neighborhood to understand the Cincinnati housing market. 

So thanks for your emails wondering if I was still alive- in spite of paying for international service my crackerberry/phone service didn’t work (at all) for half of the trip. (Lack of customer service is an entire story -coming soon).  I joined a group of travelers on a “walkabout” through New Zealand and Australia.  Both countries are great to see and after pricing some homes and condos- we should be grateful that we are not trying to buy real estate. 

After starting our trip in Rotorua, spending a few days at a magnificent home on a lake….

Wildwood Lodge

Boating around Milford Sound

Taking in the Sydney Opera House

And my favorite- the Wallaby

Like Cincinnati the cities we visited are feeling the effects of the world wide recession-the number of residential foreclosures are significantly lower due to better lending regulations and a philosophy of paying off your mortgage as soon as possible.  Interesting concepts that we should consider as we legislate changes in our country.

Below is the Market Action Reports for 6 zip-codes in the greater Cincinnati area:

45011

45014

45040

45069

45208

45233


This is the short version of the detailed information available for the zip-codes- call or email for detailed reports.