Monthly Real Estate Sales
Report—March-April, 2013
After 20 straight months of increased home sales in Greater Cincinnati, the Cincinnati Area Board of Realtors reports a 14.8 percent increase in February sales and active listings or houses available for sale down 15.5 percent from March 2012.
Those looking for homes in Mariemont and all realtors complain that there is insufficient inventory of homes for sale to meet the demand in Mariemont. Even though in the Greater Cincinnati region demand has increased relative to supply, prices have inched up only 3 % in Southwest Ohio during 2012.
During the past six months (November, December, January, February, March and April) in Mariemont, 103 homes have sold from a cumulative inventory month-over-month of 289. This month the average selling price has decreased, but there are no trends present. The average days on market have varied and show no consistent pattern.
It is difficult to identify a distinct trend, but the market does seem to be improving from a homeowner’s standpoint in Mariemont.
We have posted these real estate transactions for Mariemont and adjacent communities for the past eighth months and plan to continue. To compare months look in the archives of our posts.
| Neighborhood | # sold | Active Listings | Average List | Average Sale Price | Days on Market |
|---|---|---|---|---|---|
| Mariemont | 6 | 43 | 462,398 | 288,000 | 43 |
| Terrace Park | 4 | 23 | 639,200 | 430,475 | 63 |
| Indian Hill | 7 | 82 | 1,734,303 | 913,957 | 121 |
| Maderia | 17 | 42 | 400,611 | 219,429 | 75 |
| Madison Place | 1 | 12 | 111,208 | 124,000 | 89 |
| Hyde Park | 33 | 89 | 400,180 | 337,239 | 59 |
| Newtown | 5 | 17 | 258,865 | 131,800 | 76 |