Cincinnati, OH housing market

Cincinnati home values slipped about one percent this past year, yet sellers are still asking nearly fifty thousand dollars more. Here is what that gap means if you are thinking about selling this year. The typical Cincinnati home is worth about two hundred fifty-four thousand dollars, down roughly one percent from a year ago. That is a gentle slide, not a crash. But the median asking price sits around three hundred two thousand dollars, which tells you many sellers are still pricing for a market that has moved on. Meanwhile about one thousand six hundred homes are for sale, and roughly 870 more hit the market in the past month, so buyers have real options. Homes are taking about forty three days to sell, around six weeks, which gives buyers time to compare and negotiate. Here is the number that ties it together. Nearly one in five listings, about nineteen percent, has already cut its price. Those are sellers who aimed high, sat, and then adjusted. If you sell this fall, price at the market from day one, because overpricing here means weeks on the shelf followed by a cut anyway. To see where your home fits today's numbers, get a free estimate at Home Value Pros dot com.