Downtown Cincinnati Monthly Market Update

Welcome to the new month of August 2012. It's so crazy to see that we are in a brand new month. Here is an Update with information from July 2012, to give you a better idea of how the Downtown Cincinnati market is looking.

Since June, the Median and Average List Price has increased by about 8 and 7 percent, and since July 2011 they have increased by about 50 and 41 percent! Sales prices are rising as well. The total inventory has decreased to 129 total properties for sale which is great, but unfortunately the amount that sold last month had decreased as well since June to 12 properties sold. July had a 10.8 month supply inventory which is not the best because, a 6 month supply of inventory is a healthy market. Fortunately since Last year the MSI (Monthly Supply of Inventory) has decreased by 52%, which means that if it keeps decreasing at that rate we will see a healthier market soon.

For more detailed information about your local Market including graphs and statistics on: Property Sales, Prices, Inventory, Market Time, Selling Price per Square Foot and much more; Click the link under "Get A Local Market Update For Your Neighborhood," or just click here.