Even if you aren’t buying or selling today and no matter where you live- high priced listings and sales always draw attention and speculation.
179 single family homes listed at $1,00,000 and up according to the Cincy MLS. The most expensive listing on the market is located in Indian Hill with a list price of $6,495,000.
Year-to-date (1/1/16-8/20/16) 88 million dollar homes sold in greater Cincinnati. The average list price was $1,498,150 and the average sale price was $1,390,387. And the highest price sale so far this year was for $2,700,000 in Walnut Hills.
The top 5 sale so far this year:
Sales volume for the high end market is keeping pace with the same time frame last year. In 2015 83 $1,000,000 properties sold with an average list price of $1,517,233 and average sale price of $1,401,429. The highest sale occurred in Indian Hill for $3,100,00.
The top 5 sales in 2015: (1/1/15-8/20/15)
The lack of homes for sale is affecting all price ranges including the high end market.