Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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Cincinnati Real Estate Report

filed under: Real Estate posted on July 15th, 2015

The Cincinnati real estate report reflects mixed results with some areas experiencing higher asking prices while other area have falling prices.

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According to the Multiple Listing Service of Greater Cincinnati:

Real estate in Cincinnati

Last weekend’s open houses were jammed with buyers looking to write a purchase contract.  The current number of active listings for single family homes 7720 and the number of available condos – 1048 reflects a continuing trend forthe greater Cincinnati area estate market with too few properties available for sale.

The lack of inventory is begining to drive the average sale price slightly higher…but as the summer rush slows -sellers may have to adjust their pricing expectations   Information pulled from Cincy MLS comparing single family homes list prices to the average sale prices for the 4 county area shows the trend:

Cincinnati Real Estate

Single Family Comparison

While condos continue to sell the chart below reflects that sellers are already experiencing a leveling off when i comes to buyers willing to pay more:

Cincinnati condo sales

Condo Comparison

Both charts indicate the importance of finding the “sweet spot” when it comes to pricing your property. Too few homes and condos available for sale will continue to impact local real estate prices.  While the demand for homes and condos remains strong in our area -this is the time of year that we tend to see a slightly less activity because of vacations and getting ready for school.

Stay tuned for market updates or Call/Txt if you need details about your neighborhood or area.

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