Market Update-Greater Cincinnati MLS & short sale changes

New Listings 151  
Back on Market 18  
Price Increases 5  
Price Reductions 101  
Pendings 72  
Solds 52  
Expireds 60  
Inactives 30  

We had our first HFN meeting today and in that meeting this blog was discussed. It was asked that the stats for solds be added to the evalution of the daily blog. So lets add that stat

Solds: 52

Avg SP: $165,615

New Listings: 151

Avg LP: $143,478

Pendings: 72

Avg LP:  $119,547

The AVG LP on the pendings today is low compared to weeks past, this could be an example of the type of property and type of buyer showing activity in the market place here in early December.

Today’s Hot Spots for pending activity- West Chester and Hillsboro with 4 each, Colerain Township 3. I can also verify that 14 of the 72 pendings today are distressed bank owned properties.

Also with positive news, there are changing requirement for short sale procedures that can help sellers and buyers close on short sale contracts with less hassle and quicker response times. Read that article here Short Sale changes

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