It’s time to take a look at how January 2009 home sales compared to January 2008.
With regard to sales, in January 2008 58 units were sold vs. 55 units in January 2009. This represents a decrease of just 5.17%. I say “just” because today the Cincinnati Area Board of Realtors reported sales being down 19.29% (unit sales) for the Greater Cincinnati area. So being only down 5.17% for the West Chester and Liberty Township, Ohio real estate market feels like a victory!!
| 2008 Units | 2009 Units | + or – |
| 58 | 55 | -5.17% |
The average sale price for January 2008 was down 8.02% compared to the same period in 2009. As you can see in the table below, the average sale price in January 2008 was $219,688 compared to $202,077 in 2009. For there to be a stabilization of home prices and then at some point a return of appreciation, we will need to see a smaller supply of homes available for sale. In many of the price ranges there remains a significant oversupply. The average sale price was down 18.49% in January 2009 when compared to January 2008 for the Greater Cincinnati Area Board of Realtors.
| 2008 Avg Sale Price | 2009 Avg Sale Price | + or – |
| $219,688 | $202,077 | -8.02% |
Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio
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