Hyde Park Real Estate Market Conditions & Reports, Hyde Park Market Trends, Ohio

Market Commentary Provided by Saralou Durham
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. Prices continue to escalate because of demand to live close to downtown and activities.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Saralou Durham
RE/MAX Preferred Group
Cincinnati, Ohio
513-588-5304
cintirltr@aol.com
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Nearest Metro Area

Cincinnati, OH.

Buyers’ or Sellers’ Market

About 50-50

Average Time on Market

60-90 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$228,700 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

Move-up Buyers

Buyer Activity for the past 90 days in Hyde Park is

Seller Activity for the past 90 days in Hyde Park is

Is Financing Available For Qualified Buyers in Hyde Park?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Prices 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 Squares or Rookwood Pavillion remains a selling point.

Reason to Buy/Sell

Job Growth

Average Sold Price

$228,700 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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