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Winter 2012 Market Update
Views remain a major reason for purchasing in the area...the better the Ohio River/downtown views, the higher the price. Parking and garages remain in demand. Excellent cultural activities in the area and superior restaurants make living here a pleasure.
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| Average Home Price | $500,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $600,000 - $649,000 |
| Prices As % of Asking Price | 90-95% |
| 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 Mount Adams is | No Change |
| Seller Activity for the past 90 days in Mount Adams is? | No Change |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Because of the many condos in the area, financing can be an issue for those with less than 20% to put down. Everyone needs to keep their credit scores above 720 for the best financing options. |
| Housing Inventory | Limited Supply |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Mount Adams! |
| Nearest Metro Area | Cincinnati, OH |
| Housing Hot Spots | Exciting changes continue in Mt. Adams. Meeting the needs of both the young professional and the empty nester, homes and condos continue to be updated and renovated. Most homes emphasize the unusual spaces desired by this group of buyers. |
| Average Sold Price | $500,000 - View Graph Trend |
Mount Adams 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.
Click here for full article...
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.
Click here for full article...
Contact Information
Saralou Durham
513-588-5304
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
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%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Saralou Durham
RE/MAX Preferred Group
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 513-588-5304
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