Cincinnati Real Estate

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Kathy S. Koops GRI

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Real Estate Activity in Greater Cincinnati Townships

filed under: Real Estate posted on June 10th, 2017

Real estate activity in greater Cincinnati Townships is very active with a wide range of median list and sale prices: 

greater cincinnati townships

Data Source: Multiple Listing Service of Greater Cincinnati. Median Sale Prices for properties closing during the month of May, 2017.

The townships are spread around the greater Cincinnati area.  In the 4 county area that makes up the bulk of our real estate market, the CincyMLS shows 3768 single family homes for sale.  The median list price is $229,900 and the median sale price for May is $171,550.  488 condos for sale with a median list price of $161,015 and median sale price for May of $124,950.

The dollar gap between the median list price versus the median sale price (homes/condos that closed during May) provide information to both buyers and sellers on market trends.  If you’re in the market- buying or selling- make sure to obtain an up-to-date market review from your RealtorĀ® prior to listing or purchasing a property.  Over pricing for sellers and under bidding by sellers often causes a lot of unnecessary pain and confusion.  In short, understand the current values for a specific area

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Each neighborhood and complex within each township has unique pricing characteristics-make sure you look at not only the average/median list prices but also the absorption rate and the prices of recently sold properties.

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