Brisk sales continue to surge in all 4 counties serving the greater Cincinnati real estate market reflecting a constant demand for housing that provides an easier 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/Report covering September shows a very slight increase in first and second mortgage defaults compared to August 2013. The local condo market has felt the impact of foreclosures and any upward trending will impact local sales. Foreclosure activity has a negative impact on condo complexes because lenders are hesitant to lend money where home owner association dues aren’t paid and/or too many units have been rented because nobody can sell. It’s a catch 22 for owners stuck in problem complexes.
Have questions about sale prices in different complexes – send a request for a full market evaluation.