This may not come as much as a surprise, but the Cincinnati Hyde Park real estate market for the second quarter of this year is up – significantly up – from the same time period in 2009. After all, 2008 and 2009 were some years of major market adjustment!

Here are some of the numbers on Cincinnati Hyde Park real estate sales:

• Units sold increased by a whopping 35% year-over-year (!)
• Median sales price decreased by 4.9% year-over-year
• The most popular market segment for home sales continues to be between $200k and $300k

So what factors are driving these numbers? Be careful not to state the housing slump is over based on that first number… home sales in Cincinnati’s Hyde Park real estate market saw a massive surge in sales (18 more units than this time last year!) between 200k and 300k – a direct result of the first time buyer tax credit. Remember that the credit mandated buyers close by 6/30/10 … the last day of the second quarter of this year.

Seeing a 4.9% loss in value year over year may come across as depressing, until you see it from a higher perspective: Cincinnati real estate in general has lost ~10% of its value in the past 12 months. That fact that Cincinnati Hyde Park Real Estate only saw half that much depreciation is testament to its excellent location, lifestyle and long-term value proposition. Which is why we love helping people move into and out of it!

Interested in learning more about Cincinnati Hyde Park Real Estate or just checking out what homes are on the market right now? Search Cincinnati Hyde Park Real Estate for free on our website!

Love data? Check out the additional information on recent sales activity in the Cincinnati Hyde Park real estate market. Thanks! ~Team Chabris

This entry was posted on Wednesday, August 25th, 2010 at 7:28 pm and is filed under Hyde Park. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.