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Doug Leugers Real Estate Experts Logo

Fewer Homes for Sale in Cincinnati while Listing Prices Rise

The number of homes for sale in Cincinnati fell in January, while the average listing price increased by 1.18%.

FOR IMMEDIATE RELEASE

 
 
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PRLog (Press Release) - Feb. 21, 2013 - According to the Market Report - a publication of Doug Leugers Real Estate Experts (http://www.homesingreatercincinnati.com ) by Doug Leugers - the number of homes for sale in Cincinnati, OH was 1,472, down 19.86% from 1,764 in December. This is the 2nd consecutive month where the number of homes for sale decreased.

The average price of homes for sale was $174,003, which was up from $171,952 in December. However, the median price of homes for sale - the number at which half of the homes listed for sale were for more and half were for less - decreased 0.26% to $101,651.

"The year-over-year increase in sales for the month of December was 5%. The active inventory declined year-over-year by 13%," said Doug Leugers from Leugers Real Estate Experts who released the report. "These are strong indicators that market is improving."

The prices varied according to the size of the homes
- 2 bedroom - $143,735 - an increase of 0.7% from December
- 3 bedroom - $168,374 - an increase of 1.47% from December
- 4 bedroom - $182,136 - an increase of 0.9% from December
- 5 bedroom - $294,592 - a decrease of 4.8% from December


The average home for sale has 2 bedrooms and 2.19 bathrooms.

Doug Leugers and the Leugers Real Estate Experts are Real Estate Professionals in the Greater Cincinnati & Northern Kentucky area.

Visit: http://www.homesingreatercincinnati.com

Photo:
http://www.prlog.org/12084883/1

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Contact Email:
***@leaugersrealtyteam.com
Source:Doug Leugers Real Estate Experts
Phone:513-300-7653
Zip:45069
City/Town:Covington - Kentucky - United States
Industry:Real Estate
Tags:cincinnati, housing market, home sales, Real Estate, home buying
Shortcut:prlog.org/12084883
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