Cincinnati Housing Market

 

 

 

 

 

 

 

 

 

 

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.