Cincinnati Real Estate

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Kathy S. Koops GRI

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Cincinnati Condomania

filed under: Real Estate posted on September 18th, 2017

Condomania in Cincinnati through August 31, 2017.

The good news continues with the average sale price is up in all 4 counties. Currently, the average sale price for condos in greater Cincinnati is $165,412  compared to $144,116  during the same time frame in 2016.

According to the Cincinnati Multiple Listing Service has 534 condos listed for sale.

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Sales volume comparing year-to-date in the 4 counties below.  Data pulled from the Multiple Listing Service of Greater Cincinnati:

Cincinnati condo sales volume graph

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.

  2016   2017  
  # Units Avg Sales Price # Units Avg Sales Price
Butler 344 $98,150 352 $103,940
Clermont 248 $124,119 218 $131,106
Hamilton 1131 $157,045 1156 $190,249
Warren 351 $166,902 396 $177,906
         
         

As the number of listings and sales are down compared to August 2016.  Both buyers and sellers need to have up-to-date information about local condo sales and listings.

Cincinnati condos sold graph

More condo listings are needed as the number of listings continues to dwindle. Many potential sellers have settled in for the fall.  Many are planning on waiting until spring to list or relist. That’s a mistake because there are lots of buyers just waiting to write a contract.  

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Questions real estate in your complex or neighborhood-send a request for a full market evaluation.  Anything else – Call/Txt

 

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