Cincinnati Real Estate

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Kathy S. Koops GRI

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Condo Sales in Greater Cincinnati

filed under: Real Estate posted on March 8th, 2016

Condo sales in greater Cincinnati comparing the first 2 months of 2015 versus 2016.

Plenty of buyers out looking at homes and condos however the number of condos for sale has sunk to a low of 823 listings.  And yes the low number of listings continues to cause problems because buyers are getting discouraged.  As you can see below -last February compared to February 2016 – the numbers have fallen significantly.

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Sales volume comparing year-to-date in the 4 counties. Data pulled from the CincyMLS.
Condo sales in Cincinnati

 

In Clermont and Warren Counties the gross sales volume continues to out perform last year.  And while the sales volume is one trend to follow -the average sale price is what most buyers and sellers always ask about.  In Butler and Warren counties the average sale prices went up which is especially good news for condo sellers in Butler County.

  2015   2016  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 79 $78,626 57 $84,496
Clermont 26 $117,321 32 $116,308
Hamilton 165 $175,413 180 $141,120
Warren 45 $145,244 57 $174,352

Rental prices continue to go up pushing some potential buyers into considering buying versus renting however the biggest drawback has been and will continue to be the shortage of condos for sale.

Do you have questions real estate in your complex or neighborhood-send a request for a full market evaluation.  Anything else – Call/Txt

 

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