Cincinnati Real Estate

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Kathy S. Koops GRI

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First Quarter News About Cincinnati Real Estate

filed under: Real Estate posted on April 6th, 2015

First quarter news about Cincinnati real estate sales is “springy”!

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Single family for the first quarter of 2015 continues to show gains over the same timeframe in 2014. Data pulled from the CincyMLS.

Cincinnati Real Estate

 

In the 4 county area comprising the greater Cincinnati market (table below) 3 of the 4 counties experienced higher average sale prices than last year.  The one loser was Warren County and the average sale price was only  down by $1000.

  2014   2015  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 758 $143,723 772 $160,330
Clermont 452 $159,266 456 $172,649
Hamilton 1576 $163,315 1775 $171,983
Warren 453 $226,599 476 $225,590

The 1st quarter ended with higher dollar sales volume, average sale price and more units sold in the 4 county area.

1st Qrt SFH Sales Cincinnati

 

However while some pockets/neighborhoods are experiencing a rebound – there are still areas waiting for the market to catch them.  The shortage of homes for sale is still a problem.  It’s true a shortage of listings should help sellers and this is a true statement for newly listed properties which hit the market at the perfect price point- buyers are ending up in bidding wars.  But for every 1 new listing with buyers knocking down the doors, there are 10 more listings that are still waiting for somebody.  Price adjustments help make these properties more attractive – but too many sellers are waiting too long to drop the prices.

As the spring market heats into summer new marketing strategies may be needed to get your property sold and closed. Questions about sale prices in your neighborhood- send a request for a full market evaluation. Want to get your home sold? Call/Txt

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