Cininnati Mt Lookout Real Estate:Sales Report - Second Quarter, 2010

The most recent installment of our quarterly Cincinnati Mt Lookout Real Estate report.

Although this is not a surprise, the Cincinnati Mt Lookout real estate market for the second quarter of this year is up - significantly up - from the same time period in 2009. After all, 2008 and 2009 were some years of major market adjustment!

Here are some of the numbers on Cincinnati Mt Lookout real estate sales:

• Units sold increased by an amazing 20% year-over-year (!)
• Median sales price increased by 12% year-over-year
• The most popular market segment for home sales continues to be between $200k and $300k

So what factors are driving these numbers? Although the house slump is not completely over ... home sales in Cincinnati's Mt Lookout real estate market saw a slight boost in sales (just 3 more units sold this year compared to last year) between 200k and 300k - a direct result of the first time buyer tax credit. Remember that the credit mandated buyers close by 6/30/10 ... the last day of the second quarter of this year.

Although Cincinnati real estate in general has lost ~10% of its value in the past 12 months, Cincinnati Mt Lookout Real Estate still remains strong with a 12% sale price increase. This only reiterates the fact that Cincinnati Mt Lookout Real Estate is a superb location, lifestyle and lasting investment. We also believe consumers have realized Mt Lookout real estate offers a bit value for the dollar than its Hyde Park brethren. Which is why we love helping people move into and out of it!

Interested in learning more about Cincinnati Mt Lookout Real Estate or just checking out what homes are on the market right now? Search Cincinnati Mt Lookout Real Estate for free on our website!

Love data? Check out the additional information on recent sales activity in the Cincinnati Mt Lookout real estate market. Thanks! ~Team Chabris

Peter Chabris
Lead Agent, Team Chabris

Keller Williams Advisors' #1 Realtor

Licensed in OH & KY