Cincinnati Area Housing Market Update June 2009

By Derek Tye

Real Estate Agent with The Tye Group 243495

June 18, 2009 08:55 AM

June has shown to be a productive month in terms of sales and contracts. We have seen several of our listings go under contract and have helped buyers write about 10 contracts so far this month. We have also seen more and more people both on an individual level and on a business level go after some of these heavily discounted distressed home for investment purposes. Many of these investors are planning on fixing up and selling the homes for a quick profit.

On a more widespread basis, the market as a whole here in Southwestern Ohio has improved again slightly over last month. In terms of sales, the median price change for "For Sale" properties is 1.9% off of the mark from May of Last 2007. The Homes under contract or "pending" tell another story. They are off 13.3% from 2007. The "sold" category falls in the middle off 8% in price from May of 2007. This data encompasses Hamilton County, Clermont County, Warren County, Brown County, and a few other counties in the surrounding area. Single Family, Condominium and Farm numbers were all included.

So what can we gain from all of these numbers? It seems as though the houses that are priced "right" are selling and those that are not are still on the market. That seems to be the case no matter what the market but it is always good to see that proof in the numbers. Until next time, thank you for reading!

If you have any direct needs or questions, please don't hesitate to call me directly at 513-478-3794. I can also refer you to a lender to get a great interest rate on your home.

Have a great day!
Derek Tye

Derek Tye has been an influential Realtor in the Greater Cincinnati Ohio Market for 5 years. For more information about our Greater Cincinnati Ohio Real Estate services we offer please call us at 513-732-2720 or visit our website at www.CincyOhioHomes.com . Don't miss our Testimonials!