About Hamilton County, OH

The accompanying graph shows the average and median prices of single family homes and condos sold in Cincinnati, Ohio for the last five years. It is easy to see the impact of the recession on prices, continuing to decrease since 2007. While Cincinnati has not suffered the same percentages of price decreases as some areas of the country, the price decreases have been significant. They have affected the equity that all owners have in their properties and their optimism about selling.

From national information and statistics about pending sales, it appears as though the tide has turned. We anticipate that we will start to see prices turnaround in the second quarter of 2010. Because all cities are made up of many neighborhoods, we are already seeing an uptick in some neighborhoods.

Give us a call for more details about your specific neighborhood.

Let's take a look at the housing market in Mt. Adams, Ohio...within walking distance of downtown Cincinnati. This neighborhood tends to attract both young professional buyers and downsizing seniors, excited about living around Eden Park and the proximity of cultural institutions, restaurants and downtown. Homes are 70-125 years old with significant remodeling and updating. Typical price ranges start at $200,000 and go up to more than $3,000,000.

To give you perspective about the market, the graph shows sales for the past five years, through October 31, 2009. You can easily see the increase in prices and the decrease as the recession strengthened. There are very few homes listed under $200,000 in this small area.

With loans harder to acquire, higher priced homes listed at over $450,000 have struggled to find buyers, both because of the inability to sell the buyer's home and the difficulty in getting significant down payments.

Currently the area has 53 active listings on the market. There are 2 pending sales. The average home sold in 138 days on the market. If you use the last year's number of sales and compare it to the number of active listings, there are approximately 26.5 months of inventory on the market. With this kind of inventory and competition with downtown listings, downward pressure on prices will continue. The National Association of Realtors indicates that six months of inventory is a balanced market.

Let's take a look at the housing market in Anderson Township and Newtown, Ohio...in Cincinnati's close-in suburbs. We are grouping them together because they tend to attract the same group of buyers looking for similar properties in the Forest Hills School Distict. Homes are from new construction to 60+ years old, with the price range varying from $80-1,000,000.

To give you perspective about the market, the graph shows sales for the past five years, through October 31, 2009. You can easily see the increase in prices and the decrease as the recession strengthened. Part of that price decrease can be attributed to a higher percentage of lower priced listings sold.

With loans harder to acquire, higher priced homes listed at over $450,000 have struggled to find buyers, both because of the inability to sell the buyer's home and the difficulty in getting significant down payments. This brings down the median price.

Currently the area has 359 active listings on the market. There are 76 pending sales. Homes sold in an average of 88 days on the market (DOM). If you use the last year's number of sales and compare it to the number of active listings, there are approximately 8.5 months of inventory on the market. Looking only at the number of pending sales to active listings, a more robust market would be anticipated. The National Association of Realtors indicates that six months of inventory is a balanced market.

Let's take a look at the housing market in Hyde Park, Oakley, Mt. Lookout and Columbia Tusculum, Ohio...in Cincinnati's close-in urban suburbs. We are grouping them together because they tend to attract the same group of young professional buyers looking for similar properties. The majority of the homes are 80+ years old, with the price range varying from $100-1,000,000.

To give you perspective about the market, the graph shows sales for the past five years, through October 31, 2009. You can easily see the increase in prices and the decrease as the recession strengthened. Part of that price decrease can be attributed to a higher percentage of lower priced listings sold.

With loans harder to acquire, higher priced homes listed at over $450,000 have struggled to find buyers, both because of the inability to sell the buyer's home and the difficulty in getting significant down payments. The median price is lower as a result.

Currently the area has 368 active listings on the market. There are 71 pending sales. Homes sell in an average of 92 days on the market (DOM). If you use the last year's number of sales and compare it to the number of active listings, there are approximately 7.8 months of inventory on the market. Looking only at the number of pending sales to active listings, a more robust market would be anticipated. The National Association of Realtors indicates that six months of inventory is a balanced market.

Let's take a look at the housing market in Sycamore School District's neighborhoods of Montgomery, Blue Ash, Symmes Township, and Sycamore Township, Ohio...in Cincinnati's first-ring suburbs. We are grouping them together because they tend to attract the same group of buyers looking for a large, outstanding school district. Homes include a limited number of new construction to 60+ years old, with the price range varying from $100-700,000.

To give you perspective about the market, the graph shows sales for the past five years, through October 31, 2009. You can easily see the increase in prices and the decrease as the recession strengthened. Part of that price decrease can be attributed to a higher percentage of lower priced listings sold.

With loans harder to acquire, higher priced homes listed at over $450,000 have struggled to find buyers, both because of the inability to sell the buyer's home and the difficulty in getting significant down payments. This brings the median price down significantly.

Currently the area has 266 active listings on the market. There are 52 pending sales. The average home sold in 101 days on the market (DOM). If you use the last year's number of sales and compare it to the number of active listings, there are approximately 9.5 months of inventory on the market. Looking only at the number of pending sales to active listings, a more robust market would be anticipated. The National Association of Realtors indicates that six months of inventory is a balanced market.