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 Greater Cincinnati market is looking.
Since June, the Median and Average List Price has stayed pretty constant, but since July in 2011 the Median and Average List Price has increased. There is a total inventory of 12,580 properties currently for sale in all of Greater Cincinnati, yet in July only 1,500 sold. The average days on market for all of the sold properties in July was 78 days. In the month of July there was 8.4 months supply of inventory, a healthy market consists of around a 6 month supply of inventory. Seeing that the supply of inventory has decreased since the prior year-to-date, this means that we are getting closer to a healthier market.
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
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