Real estate prices in greater Cincinnati continue to feel the impact of local ups and downs. Many areas are experiencing a slight upward tick in median list prices, while others remain stagnant (45014 condo prices) while other areas experience a dip in listing prices. And while the lack in the number of homes and condos for sale continues to impact real estate- I think many buyers are hovering waiting for better rates or government sponsored programs to spur home ownership. It doesn’t make sense to wait for already low rates to go lower…and any sort of government guided program skews “many not ready to own” potential buyers to jump in now and 6 months from now, when the incentives end, the home sales will tank. Smooth, slow and steady is still better than tax payer funded incentive programs. mes and condos available for sale. Many potential buyers and sellers are waiting for a “sign” that now is the time and the quick sale of properly priced homes/condos should be enough.
According to the Multiple Listing Service of Greater Cincinnati potential buyers have 8071 single family homes and 1294 condos – an increase in both single family homes and condos listed since the last zip code report.
Rain has not deterred determined house hunters from sloshing through puddles to look at homes. Tired of trying to read the real estate signals and need help-just let me know.
Stay tuned for market updates.