Click this link here for a detailed, and I do mean detailed, monthly statistical charts. You’ll know more about the Greater Cincinnati real estate market trends than ever. This is really good information. Enjoy!

Click here to see MLS monthly and year end updates.  I immediately noticed a lot fewer licensed agents at the end of the year, than at the beginning of the year. Yep…it’s been difficult this last year. We are thankful for each and every opportunity that we’ve had in 2008 to assist our customers and clients with their real estate needs. We always appreciate the continued referrals from friends and past customers. Thank you.

The real estate market for residential sales in Cincinnati continued to decline, reaching into the double-digit drop from the same period last year.

In 2007, there were 22,265 home sales in Greater Cincinnati.
In 2008, there were 18,752 home sales in Greater Cincinnati. 

A 15.8% drop in volume.  Gross volume took a hit too. 21.4%. $3.9 billion in 2007 to $3 billion in 2008. We saw a drop in average sales price of 6.7 %, from $173,986 in 2007 to $162,340 in 2008.
We are currently seeing about a 10 month absorption rate. In other words, it could take about 10 months for any single home to sell, or be “absorbed” into the market. Although most sellers get a bit anxious after 90 days, a balanced market is about 6 months.

Northern Kentucky market statistics are interesting too. Northern Kentucky home sales dropped 14%, 5,126 in 2008 from 5965 in 2007.  Total volume dropped 13/3%, to $823.3 million last year from $949.7 million the year before.  The average sales price did rise 1% to $160,611 from $159,210.

So, what does 2009 bring? Dunno. What I can say is this: Interest rates are silly low. If you are sitting on the fence, trying to “time the market” and decide if it’s dropped low enough for you to get in on  a purchase, stop it.  Experts and armchair prognosticators alike disagree on “bottom”. Besides, by the time it’s identified, you’ve missed it. Enjoy the choice of good homes available, interest rates we didn’t think we would ever see again, and go buy a HOME!

If you want to sell….need to sell…..do not be discouraged. Well marketed, priced right, staged, “inspected and corrected”, your home will sell!! Look at our Guaranteed Sale Program. Maybe that will work for you. Check out our “Serious Sellers” Satisfaction Package. Is that a good fit? We have other options too. Give me a call. We’ll see what will work best for you and work on bringing up those 2009 numbers together.

More Cincinnati real estate information can be found at RealCincy.com

The first school was built in 1832. The log cabin structure was called the Mt Pleasant School. The Baptist and Methodist congregations shared the log cabin for services, alternating Sundays. The second school was built in 1850, known as the Mt. Vernon School.  Union School was built soon after.  Highland High School open the fall of 1915.
Visit http://www.fortthomas.kyschools.us to read about the award winning Ft. Thomas school district.

If you are considering calling Ft. Thomas your home, you need to know that you aren’t just making a “sticks or bricks” purchase, but entering into a nurturing community. There are activities for long time residents and new comers alike.  Many of the activities are held at the Tower Park, including this October’s Jack O-Lantern Trail Walk. Bring out the kids, dressed in their trick or treat costumes, to enjoy a walk with 1000 Jack
O-Lanterns and luminaries lighting the way.  Popular Tower Park has three shelters for picnics, walking trails, tennis courts, and sand volley ball.

One of the highlights of any town is its independents restaurants. Be sure to visit:

• Vito’s Café – Italian Style Trattoria. Entertainment provided by talented graduate students from local music schools….Singing & Serving Nightly!
• Midway Café – Catch the games on the two big screen projection TV’s and eight wall mounted TV’s. Burgers, Nachos, Mexican, Excellent Appetizers
• Warner’s Restaurant – Casual dining. Family Restaurant

Give me a call or send me an email if you would like to receive homes available in the Fort Thomas area.  I’ll be sure to include all active listings, including photos and a mapping function so you can map the home to schools, shopping, hospitals and main highways.

More Cincinnati real estate information can be found at RealCincy.com