Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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Greater Cincinnati Real Estate News

filed under: Real Estate posted on May 12th, 2015

Cincinnati news and homes for saelThe greater Cincinnati real estate market update is good news.

The warm weather, shortage of homes hitting the market and frantic buyers tired of waiting to move combined to make April another great month for local home sales.

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Single family home sales volume for the 4 counties. Data pulled from the CincyMLS.

Cincinnati Single Family Home Sales

 

Continued good news the average sale price also is ahead of last year.  Finally sellers are starting to recover some of the losses from the bust real estate market.

  2014   2015  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 117 $147,575 1147 $164,408
Clermont 666 $164,260 705 $170,795
Hamilton 2382 $164,308 2583 $171,844
Warren 661 $229,317 678 $234,243

Whether 2015 will continue to outpace 2014 is hard to predict.  One thing is certain- eventually mortgage interest rates will go up and when that happens buyers usually have to lower their offers – so they can afford to buy a home.  Buyers and sellers still “thinking” about jumping into the real estate market need to move quickly in order to take advantage of lower rates.

Do you have questions about sale prices in your neighborhood-send a request for a full market evaluation.
Usually people thinking about buying or selling listen to friends, tv shows or they read “how to” articles available on a variety of web sites.  All those sources have great information but for details on prices and what’s happening locally in greater Cincinnati talk to a local expert!

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