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April Housing Statistics

by The Cincinnati Team

CINCINNATI'S HOUSING MARKET IMPROVES

Kevin Kelly, Cincinnati Area Board of Realtors President, said "We continue to see home sales increasing and home prices continue to see positive momentum.  Fewer homes on the market and low interest rates continue to attract more buyers."

 

Closings for April were up 24% and the sale price is up 5.5%.  For the past 22 months, Cincinnati has seen increased sales.  The inventory of homes for sale has declined 15% over April a year ago.  This means that if priced correctly and in good condition, homes are likely to sell faster.

 

EXISTING-HOME SALES UP 9.7%

Existing-home sale activity is up 9.7 percent over the 4.53 million-unit level in April 2012, according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops are currently on pace to reach 4.97 million annual units, up from 4.94 million in March.

Existing Home Sales By Region

NAR chief economist Lawrence Yun said the market is in full recovery. "The robust housing market recovery is occurring in spite of tight access to credit and limited inventory. Without these frictions, existing-home sales easily would be well above the 5-million unit pace," he said. "Buyer traffic is 31 percent stronger than a year ago, but sales are running only about 10 percent higher. It’s become quite clear that the only way to tame price growth to a manageable, healthy pace is higher levels of new home construction."

Current existing-home sales are at their highest pace since November 2009, when the home buyer tax credit was available. Total monthly sales have improved over their year-ago levels for 22 consecutive months, while prices have risen 14 consecutive months over their year-ago levels.

Family Activities in Cincinnati's Smale Park

by The Cincinnati Team

Family fun at Smale Park                                                                    

The Cincinnati Park Board is excited to announce a full line-up of Family Summer Fun at Smale Riverfront Park!  They are offering family friendly movies, music and theater.  Kick off the summer with musical entertainment, movies and theater. Bring your family, blankets and smiles for some extraordinary nights at Smale Riverfront Park this summer!​Smale Riverfron Park
 
May 16 - Bach & Boombox (Concert Cellist performing an interactive program) 5:30pm–6:30pm

 

May17 - "Wreck It Ralph" plus Cincinnati Circus performers at 7pm9pm,  Movie at 9pm

May18 - Cincinnati Children’s Theater performs Rumplestilskin with special guests Bullooney Puppet Works, Cincinnati Circus and Explore Nature!  4pm–7pm

May23 - Bach & Boombox  (Concert Cellist performing an interactive program)  5:30pm–6:30pm

May30 - Bach & Boombox  (Concert Cellist performing an interactive program)  5:30pm–6:30pm

May31 - "Brave" plus Cincinnati Circus performers at 7pm–9pm,  Movie at 9pm

​Smale Riverfront Park is described as a park for the generations.  The activities benefit the entire community with recreational, entertainment and leisure resources.  The fountains, walkways, gardens, event lawns, playgrounds, and restaurants all add to the economic vitality of the region.

When completed, the park will extend from east at Great American Ball Park to west as far as Paul Brown Stadium - flanking the city's landmark Roebling Suspension Bridge.

Shipwrecked, The Adventures of Louis de Rougemont

by The Cincinnati Team

Shipwrecked at Cincinnati Playhouse in the ParkShipwrecked at Cincinnati Playhouse in the Park

Coming next to the Thompson Shelterhouse Theatre is the season-finale production of Shipwrecked! An Entertainment: The Amazing Adventures of Louis de Rougemont (As Told by Himself). The rollicking, family-friendly adventure, inspired by a true story, brings to life the fantastic and amazing story of Louis de Rougemont, a would-be explorer who embarks from Victorian England only to find himself marooned on a remote desert island.

This show has it all...typhoons, killer octopus', flying wombats, and cannibals. Louis and his faithful dog, Bruno have quite an adventure.  The show is recommended for age 8 and up. 

Shipwrecked! An Entertainment runs May 18 through June 16.  For tickets, check here.

Cincinnati Ranks High for Reading by Amazon

by The Cincinnati Team

Amazon ranks "Cities Buying the Most Books, Newspapers and Magazines per Capita"Cincinnati in Amazon.com list

Cincinnati ranked 8th on Amazon's recent ranking of "Cities Buying the Most Books, Newspapers and Magazines per Capita." Amazon.com recently released its statistics on cities with populations of 100,000 and more.

Statistics ranked Alexandria and Knoxville ranked numbers 1 and 2. Following them were  Miami, Cambridge, Orlando, Ann Arbor, and Berkeley.

 

Walnut Hills, Wyoming, and Indian Hill Schools Receive Accolades

by The Cincinnati Team

U.S. News Ranks Best Public High Schools

Walnut Hills High SchoolThe list of Best High Schools in America has been released.  U.S. News and World Report has joined forces with the American Institutes for Research to analyze over 21,000 public high schools in 49 states and the District of Columbia.  They used statistics from the 2010-11 school year.

Walnut Hills, Wyoming, Indian Hill Schools, ranked 1-3 as the best high schools in Ohio, ended up ranked 87th, 98th and 134th respectively in the nation. Other local schools ranking in the top echelon are Sycamore, 14th in Ohio; Madeira, 16th; Turpin 21st; Lakota East, 34th; and Mason, 35th.  All of those schools also ranked in the top 1000 schools in America.  I'll bet that not many other cities in the nation can claim such great statistics!

Parties in the Park Kickoff

by The Cincinnati Team

Yeatman Cove Hosts Parties in the Park                                        

Party in the Park - Yeatman's Cove - CincinnatiThe annual Party in the Park series has expanded to 16 weeks this year.  It kicks off with its usual lineup of top local bands, plus a national recording artist.  The parties are held at Yeatman’s Cove on Wednesdays from 5 p.m. until 10 p.m. featuring “happy hour and a half” (discounted drinks from 5 p.m. until 6:30 p.m). This year’s Parties will include the Bud Bar - a moveable Bud Light bar featuring bar-style seating, five Plasma TV’s and ceiling fans for a cool breeze.

National recording artist Wayland will appear on July 3rd to kick off the holiday weekend.  The full series schedule includes performances by the following bands from 5 p.m. to 10 p.m.:

  •  May 8, Jamison Road
  •  May 15, Stranger  
  • May 22, Final Order  
  • May 29, The Whammies

​​

NAR Releases February Real Estate News

by The Cincinnati Team

Good News on Nationwide Sales                            

Existing-home sales have risen again, showing 12 consecutive months of year-over-year price increases according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops are on pace to reach 4.98 million annual units, up 10.2 percent compared to February 2012.

Existing Home Sales By Region

NAR chief economist Lawrence Yun sees a strong housing market nationally. "Job growth in the improving economy and pent-up demand are causing both home sales and rental leasing to rise. Though home prices are rising much faster than rents, historically low mortgage rates are still making home purchases affordable," he said. "The only head-winds are limited housing inventory, which varies greatly around the country, and credit conditions that remain are too restrictive."

Sales Reports for February continue to show Market Improvement

by The Cincinnati Team

Ohio Sales Activity Continues to Show Improvement       

The number of homes sold in Ohio jumped more than 10 percent in February, as the market posted gains in activity for the 20th consecutive month, according to the Ohio Association of Realtors. According to OAR President Thomas Williams, "Buyers are taking advantage of the ideal conditions prevalent in today's marketplace, with historic low interest rates and attractive pricing."

Additionally, inventory of homes for sale remains at all-time lows and the number of days on the market continues to shrink.  Locally, the number of listings is down -6.25% and the median list price is down -3.57%.

Displaying blog entries 1-8 of 8

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