Cincinnati Real Estate

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Kathy S. Koops GRI

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Cincinnati Condo Market Update

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

 Cincinnati Condos


The Cincinnati condo market update comparing January through August sales in 2014 to 2105 is a split decision with 2 counties ahead of last year and 2 counties losing ground. According to the Multiple Listing Service of Greater Cincinnati:
Cincinnati condo sales Jan thru August

The year-to-date sales sea-saw up and down. The number of condos sold in Butler and Clermont increased but the sales prices went down, Hamilton County lost traction in sales and prices and Warren County was a winner with higher numbers of sales and prices.

  2014   2015  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 289 $94,614 334 $89,069
Clermont 216 $106,657 187 $112,982
Hamilton 1097 $171,805 1055 $159,749
Warren 302 $150,983 304 $154,701

Real estate activity slacked off toward the end of August when many of the school districts starting classes during the month.  The chart below shows the list price versus sale price this August versus last August is more realistic because listing prices have dropped.  Time to take a snapshot of your competition before bad weather and the likelihood of higher interest rates slows down potential buyers from writing contracts. Condo sales in Cincinnati

Questions Call/Txt about sale prices in your complex send a request for a full market evaluation.

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