Cincinnati, OH housing market

Cincinnati home values are slipping, down about one and a half percent over the past year, with the typical home now worth roughly two hundred sixty thousand dollars. That is a modest decline, not a slide, and the rest of the numbers explain why. There are about one thousand five hundred homes for sale right now, and nearly one thousand one hundred fresh listings hit the market this month, so buyers have more to choose from. Even so, homes are still moving in around 38 days, a healthy pace for a cooling market. About 17 percent of listings have taken a price cut, which tells you some sellers are starting too high and adjusting later. And there is a gap worth noting: the median asking price sits near three hundred thirteen thousand five hundred dollars, well above the typical value, meaning the pricier end is carrying more of the inventory. If you are selling here, price close to what homes like yours are actually worth, and you should still find a buyer in about five weeks.