The real estate market in Cincinnati, OH, was marked by many of the same indicators of continued problems and weaknesses as with elsewhere in the state of Ohio, and throughout the United States real estate market as a whole, though some positive indicators were also reported by realtors and other sources on Cincinnati property issues. Each square foot of Cincinnati property was found, in a survey of real estate and valuations overall, to cost $80, as marked a decline from the previous year’s average cost for Cincinnati real estate square footage at a rate of 3.6%.

Summer Cincinnati property transactions conducted specifically in the area of residential Cincinnati real estate purchases were found to have involved an median price tag of $128,000 being asked for pieces of property. As of September 2010, moreover, pieces of Cincinnati real estate still on the market and not yet sold off to purchasers had an asking price, on average, of $208,746. 

This finding involved an improvement by 1% from the comparable period for Cincinnati property transactions during 2009. Among currently popular and expensive areas for Cincinnati real estate, surveys of listed prices throughout the city found that such neighborhood as Clifton, Northside, Oakley, and Hyde Park had continued to hold high statuses, with the first involving an average price listing, for individual homes, of $335,206, and the last having an average individual house listing of $426,441. There are 3400 lots of Cincinnati residential property in foreclosure or going through it and 5781 homes currently available to people.

 

 

The state government Ohio division of real estate is formally referred to as the Ohio Department of Commerce, Division of Real Estate and Professional Licensing. The phone number for this government office is (614) 466-4100, and the address for its headquarters is 77 South High Street, 20th Floor. People interested in the legal issues which may arise from an Ohio real estate transaction, whether a purchase or a sale, can contact this body.

 

Columbus real estate has been affected by the overall decline in housing sales and house pricing, as has generally remarked upon as a result of the recent “bursting” of the so-called real estate bubble. Columbus property was affected by this occurrence to the point of a 21.1 percent fall in the average price of a square foot of Columbus Ohio real estate. The most valuable residential Columbus property is in the neighborhood of Victorian Village.

 

Cleveland real estate transactions have been marked by an increased number of lots of properties and residential offerings being dispensed of through the legal tool of sheriff’s auction, a phenomena which has been taken by many as a worrying sign of the problems with placing the Cleveland property market as a whole on a financially sustainable basis. The numbers of Cleveland homes for sale have been eclipsed by the 4662 foreclosed Cleveland residences in 2010.

 

Toledo real estate has declined in monetary value, according to overall surveys conducted of this area of real estate over the course of the 2010 period in sales and purchases. According to the information thus gathered, Toledo real estate has declined, in terms of every square foot in the city, by a 5.7 decline in the average price which can thus be asked for such an area.

 

The Canton real estate market has been marked by worrying trends in the form of a 31.2% decline in home sales volume experienced in 2010 and determined by comparison with the sales made previously in 2009. Canton realtors have, however, expressed a degree of positivity over the finding that the industry was able to sell more homes during the same period than had been foreclosed upon, showing some possible recovery in Canton real estate sales.

 

The Cincinnati real estate market was found, by overall surveys collecting data in the form of price and value estimates, to have decreased a fall in the general value of parcels of Cincinnati property, as was specifically found in terms of square feet of land and at the rate of a 3.6 decline, in comparison with 2009 Cincinnati square footage average value. The average price for Cincinnati real estate improved, however, by 1%.

 

The Cleveland real estate market has been noted, as has also generally been the case throughout the state of Ohio and throughout the United States as a whole, for a slew of problems related to home-ownership problems and general economic weakness. 

In general, lots of Cleveland property have become less valuable due to the ongoing economic downturn, and a high rate of foreclosures have also marked the Cleveland real estate market, as was reported over the course of 2010 by realtors and others involved on a professional basis with this market. Surveys collected of available Cleveland property information found that, at one point during that year as a whole, the number of residential pieces of property then being offered for sale- 3,147- had been outstripped by the total number of Cleveland real estate foreclosures- 4662- as had occurred during 2010.

 

The Cleveland property market was also marked by concerns felt and expressed by many throughout the 2010 period in the Cleveland real estate scene over the number of pieces of property being sold off through sheriff’s sales.

In this regard, not only were current homeowners in the Cleveland real estate market having trouble holding on to their property, people hoping to sell off newly developed or available lots of Cleveland property were also failing to provide such pieces of property to purchasers, and in some cases were having to let go of their property. The lack of credit has been observed to be limited Cleveland real estate transactions to those purchasers with ready cash on hand.