Cincinnati Housing Market Compared

By
Real Estate Agent with RE/MAX Results

Let's compare our Cincinnati housing market to other cities in Ohio.  Cincinnati Ohio housing market

 

Units Sold

2008 2009 Change
Cincinnati 17,493 17,457 -0.2%
Columbus 19,295 18,771 -2.7%
Dayton 10,556 10,178 -3.7%
STATEWIDE 105,015 96,022 -8.6%

Sale Price

2008 2009 Change
Cincinnati $163,825 $150,563 -8.1%
Columbus $165,377 $157,352 -4.9%
Dayton $126,139 $122,123 -3.2%
STATEWIDE $138,276 $129,437 -6.4%

 

Although our sale prices of Cincinnati homes are being weighed down a little more than other Ohio cities, sales are still happening at a much better rate than the Ohio housing market as a whole. This is helping to get rid of the excess inventory that is currently on the market. The sooner our supply gets back in check, the sooner sale prices of Cincinnati homes will start to appreciate again.

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