Filed Under Housing Market, Mt. Lookout, Selling · Tagged: Mt. Lookout · Print This Article
This Week in Mt. Lookout
The median list price in Mt. Lookout, OH this week is $327,450.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
| 90-day stats for Single Family properties in CINCINNATI, OH45226 as of August 27, 2010 | |||
|---|---|---|---|
| Median List Price: | $285,823 | Average List Price: | $366,436 |
| Total Inventory: | 77 | Price per Square Foot: | $145 |
| Average Home Size: | 2,072 | Median Lot Size: | 5,917 |
| Average # Beds: | 3.09 | Average # Baths: | 2.37 |
| Homes Absorbed: | 4 | Newly Listed: | 3 |
| Days on Market: | 208 | Average Age: | 20 |
Supply and Demand
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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