Cincinnati Real Estate

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Kathy S. Koops GRI

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Real Estate Numbers for Greater Cincinnati

filed under: Real Estate posted on March 10th, 2014

2014 home sales in the Cincinnati area are sending mixed messages.

Homes on Rybolt -Cincinnati's west side

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Cincinnati single family home sales continued to follow January’s trend with sales volume in Hamilton and Warren Counties edging ahead of 2103.  According to data pulled from the CincyMLS.

Home sales volume for greater Cincinnati

In all the counties but Clermont, the average sale price in 2014 exceeded 2013 – a good sign that while the overall sales volume may be lower but prices are holding.

  2013   2014  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 532 $130,967 461 $140.507
Clermont 262 $155,341 249 $154,541
Hamilton 971 $148,518 936 $160,534
Warren 258 $194,532 255 $227,670

As the winter season begins to ease its grip on the local real estate market- we’re still in a circling pattern waiting for more homes and condos to go up for sale.  The continued lack of lots of new listings (waiting till spring) impacts buyers who are having to decide whether to stay put or move- with many deciding to wait for choices.  We continue to be spoiled with low interest rates, an affordable area and a mindset that if ” I don’t buy now…I can always buy later.”  Unfortunately none of us has a crystal ball to predict how the economy may affect interest rates or how conflicts abroad will raise prices on not gas but on items that require shipping.

Remember real estate is local and while some parts of the country are experiencing a real estate boom, we’re marching along at our own pace.  And that’s a good thing because we don’t want skyrocketing prices today to be followed by a roller coaster of ups and downs in real estate values.

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