So let’s take a look at what’s happening in the greater Cincinnati area and how do these numbers affect the local real estate market? The number of active listings in the Multiple Listing Service of Greater Cincinnati for single family homes is 5995. The median list price is $166,900 and the median sale price is $157,500. By zip code single family homes:
Active listings for the condo market is 614 units with a median list price $124,900 and a median sale price of $118,500. The numbers by zip codes:
Since September 1st 618 new listings have hit the market. (some were “relisted” and not new to the market) and for some lucky buyers and sellers- the listings have already sold. Search
For sellers, some neighborhoods are “in-demand” and bidding wars can happen. For the rest of the houses and condos on the market any increase in showing appointments should also increase the number of purchase contracts written. Most of the greater Cincinnati real estate market it’s business as usual. And as we head into fall and the presidential elections, the pace of home sales may slow down. Price it right to grab the next qualified buyer or plan on sitting on the market for several months.