Real Estate is definitely selling in Anderson Township and its surrounding areas. I personally have sold two of my own listings, meaning that I brought the buyer to my sellers, just this past week in Mt. Washington. That is a real success for the seller, the buyer and the Realtor.
Statistics for January through March 2009 show that the Greater Cincinnati area is down 15% in number of homes sold and down 16.1% on sale price. That is tough for our market. However, statewide the number of homes sold is down 18.8% and sale price down 17% and there is evidence of an uptick in March compared with February. The national news is reporting that April 2009 has been the best sales activity in the month of April since 2006.
The fundamental elements of a solid housing market are in place – historic low interest rates, an ample supply of housing in all price categories and price affordability. Conditions are perfect for prospective buyers, especially first-time buyers, who are able to take advantage of the non-repayable $8000 tax credit now available. Additionally, we are finding sellers have become more realistic in setting a list price, understanding the importance of gaining a competitive edge for the limited pool of buyers. This is a common sense balance that will hopefully help the state’s housing market, and specifically Cincinnati’s, get moving again as we enter what is traditionally the home buying season.
Avg. Sales Price: $243,439
Avg. Days on Market: 70
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