(May 24th Cincinnati Area Board of Realtors Market Report)
According to the Cincinnati Multiple Listing Service has only 514 condos listed for sale.
Sales volume comparing year-to-date in the 4 counties below. 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 increased from the same time frame last year.
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Same story different day – 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. Warm weather and very low-interest rates fuel buyer to write contracts. 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.