Homes for Sale > Real Estate Market > Ohio Real Estate Market > Hyde Park Real Estate Market

Winter 2012 Market Update
There continues to be strong demand for the historic homes in this area. Young professionals are taking on the challenge of fixing up these old homes as well as enjoying the work others have done. There is demand to live close to downtown and activities.

Average Home Price $300,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market 90-120 days
Best Selling Price Range$600,000 - $649,000
Worst Selling Price Range$500,000 - $549,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend No Change
Buyers’ or Sellers’ Market
Buyer Activity for the past 90 days in Hyde Park isNo Change
Seller Activity for the past 90 days in Hyde Park is?No Change
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified BuyersIt is important for all buyers to get prequalified. They will find that the best interest rates go to those with a credit score above 720.
Housing Inventory Good supply - Some Prices
Inventory CommentsThere continues to be ample supply of homes that need updating. Those that are updated see tough competition with buyers.
Greatest Activity First Time Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Hyde Park!
Nearest Metro AreaCincinnati, OH.
Housing Hot SpotsPrices in this area continue to range from $100,000 to 2 million. Demand is strong because of close, outstanding shopping venues and access to downtown and expressways. Living within walking distance of Hyde Park/Oakley/Mt Lookout Squares or Rookwood Pavillion remains a strong selling point.
Average Sold Price $300,000 - View Graph Trend
Hyde Park Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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