Cincinnati Real Estate

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Kathy S. Koops GRI

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Have Cincinnati Condo Prices Increased?

filed under: Real Estate posted on February 10th, 2015

2015 greater Cincinnati condo prices started off some with ups and some downs.  Condo

On the plus+ side condo sales volume was higher in 3 counties when comparing Janury 2014 vs January 2015.    According to the Multiple Listing Service of Greater Cincinnati:

Greater Cincinnati Condo Sales

The number of condos sold is rising every county but Clermont, however the average sale prices are lower than January 2014.

  2014   2015  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 21 $77,274 39 $70,372
Clermont 20 $92,951 10 $70,372
Hamilton 78 $166,164 80 $163,107
Warren 19 $137,695 21 $131,912

Comparing all the condo sales in the Multiple Listing Service of Greater Cincinnati  (the CincyMLS covers areas above and beyond the four county area)  reflects a drop in the average sale price for the entire area.

Greater Cincinnati Condo Sales

Sellers should expect sales to continue but prices may not increase rapidly.  Owners need to make sure that management companies or whoever is handling requests from potential buyers is providing information in a timely manner.  And of course smart pricing of any listing remains critical in this real estate market.

Have questions or want to start condo hunting now– Txt or call: 513-300-4090,by Subscribe to stay up-to-date on market trends.

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