Cincinnati Real Estate

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Kathy S. Koops GRI

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Spring Real Estate Market Roaring-In for Greater Cincinnati

filed under: Real Estate posted on March 19th, 2013

It’s really simple math-more home and condos selling at higher prices equals a good start for real estate in greater Cincinnati!

It's Simple Math © JiSIGN - Fotolia.com

© JiSIGN – Fotolia.com

 

I took a look at the Multiple Listing Servic of Greater Cincinnati to compare closed sales between January-March 15th 2012 to the same time frame in 2013:

  • The number of homes priced $1,000,000 + rose 33% from 6 in 2012 to 9 in 2013
  • The number of condos priced $500,000+ rose 57% from 3 in 2012 to 7 this year

Overall the sales in the general market increased too:

  • 16% more single family homes sold – 2470 in 2012 to 2914 in 2013
  • Condo closings increased by 23% from 267 units in 2012 to 346 this year
  • The average sale price for single family homes rose 7% – $136,545 in 2012 to $146,822 this year
  • The average sale price for condos also increased 7% -%118,818 in 2012 to $129,090 in 2013.

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