Sales continue to surge in all 4 counties serving the greater Cincinnati real estate market an indication that buyers are willing to pay not only mortgages but home owner association fees (HOA) in order to enjoy a lower maintenance life style.
And along with increasing sales volume, the average sale prices are continue to out pace last year’s.
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The S&P/Case-Shiller Home Price Indices July report is due next Tuesday morning and the report may show a change in home prices. While existing home sales continue to be strong and mortgage applications to purchase condo or home are down slightly. The numbers will be a good indicator of how the real estate market looks as we head into the end of 2013.
Have questions about sale prices in different complexes – send a request for a full market evaluation.