Plenty of buyers out looking at condos however the number of condos for sale has sunk to a low of 431 listings. And yes lower listings continues to cause problems because buyers are getting discouraged. As you can see below -last June compared to June 2019 – the numbers have fallen approximately 14%.
Sales volume comparing year-to-date in the 4 counties. Data pulled from the CincyMLS.
The sales volume is one trend to follow but the average sale price is what most buyers and sellers always ask about. All four counties experienced higher average sale prices during the first half of 2019.
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Rental prices continue to go up pushing some potential buyers into considering buying versus renting however the biggest drawback has been and will continue to be the shortage of condos for sale.
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