Both Clermont and Warren Counties condo sales volume continues to lag compared to same time frame last year. time last year. The current average sale price for condos in greater Cincinnati is $167,293 compared to $132,079 for the quarter of 2016.
According to the Cincinnati Multiple Listing Service has only 553 condos listed for sale.
Sales volume comparing year-to-date in the 4 counties is a mixed bag.. Data pulled from the CincyMLS.
The CincyMLS covers all the surrounding counties (as far north as Dayton) and sale prices do vary by areas. As you’ll see the average sale price in all the counties has increased from the same time frame last year.
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The real estate loops continues – too few new listings hitting the market and the very low number of condos (and single family homes) for sale continues to drag on the local real estate market. Spring and the spring real estate market are in full bloom and if more condos don’t hit the market soon- buyers can expect to pay higher prices. Problems might pop up for borrowers with small down payments and lenders who don’t want to repeat past mistakes with a crazy real estate market.