Ohio Housing Market Compared

Posted on | January 28, 2010 | No Comments

Let’s compare our Cincinnati housing market to other cities in Ohio.

Units Sold

	2008	2009	Change
Cincinnati	17,493	17,457	-0.2%
Columbus	19,295	18,771	-2.7%
Dayton	10,556	10,178	-3.7%
STATEWIDE	105,015	96,022	-8.6%

Sale Price

	2008	2009	Change
Cincinnati	$163,825	$150,563	-8.1%
Columbus	$165,377	$157,352	-4.9%
Dayton	$126,139	$122,123	-3.2%
STATEWIDE	$138,276	$129,437	-6.4%

Although our sale prices of Cincinnati homes are being weighed down a little more than other Ohio cities, sales are still happening at a much better rate than the Ohio housing market as a whole. This is helping to get rid of the excess inventory that is currently on the market. The sooner our supply gets back in check, the sooner sale prices of Cincinnati homes will start to appreciate again.

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