Cincinnati Real Estate

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Kathy S. Koops GRI

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Cincinnati Home Trends During January

filed under: Real Estate posted on February 13th, 2017

In the four county area, Cincinnati home trends during January showed a continued rise in the total number of single family homes sold as well as a higher average sale price. 

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The numbers below cover single family home sales volume for the 4 counties. Data pulled from the CincyMLS.

Graph of homes sales dollar volume for greater Cincinnati

 

All 4 counties started this year outpacing last year with higher dollar sales volume.  (January 2106)

  2016   2017  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 252 $165,895 265 $1169,883
Clermont 153 $171,388 157 $182,722
Hamilton 567 $176,151 548 $191,824
Warren 121 $229,523 173 $235,018

January weather was not s problem and mortgage interest rates are still at a historical low.  Biggest problem is the continued shortage of homes for sale in our area.  Anxious sellers are concerned that if their home sells quickly- they have no place to move.  While this is a huge issue, temporary housing arrangements have become the “in thing” in this market.  Short term rentals on furnished and unfurnished homes and apartments are available. 

Do you have questions about sale prices in your neighborhood-send a request for a full market evaluation.  Anything else – Call/Txt

 

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