Are greater Cincinnati school districts enough of a draw to motivate buyers to write purchase contracts.

As summer swings into full view, the local greater Cincinnati real estate market reflects downward median list prices in many of the school districts.  If the school district is your primary concern make sure you and your agent search by school district and not by neighborhoods or suburb codes.

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Data pulled from the Multiple Listing Service of Greater Cincinnati shows that potential buyers have access to purchase 6218 single family homes and 682 condos.  Still too few homes and condos for sale in the greater Cincinnati area.

The # of active listings, median list price and the year-to-date by average sale price listed by school district below:

The median price range is the gives buyers and sellers an idea of what’s happening in the “middle” of the housing market- not the average list price and not the highest list price.  In some areas the median price range is very clsoe to the average year-to-date sale prices.  This is important to know so you don’t over price or over pay for a property.

And remember each area, neighborhood and complex within each school district has unique pricing characteristics-make sure you look at not only the average/median list prices but also the absorption rate and the prices of recently sold properties.

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