The prices in real estate in Cincinnati, in the Ohio region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Cincinnati has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $211. In the following month the price per sq.feet decreased to $198. The price for the following two months in (November, December) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $198.25 to $134.5 during January, and February.
Based upon to the price in Cincinnati (cities), this has fallen considerably in the last 6 months. The average price for September is $400,769. During October the price had a slight fall till $355,021. In the following two months the average price has remained the same with regard to the previous two months from $377,895 to $371,210.5. During the last two months the average price has had a strong fall compared to the previous four going from $374,552.75 to $264,082, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $270,116 they are 40 % more affordable than the average price for Cincinnati. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 1 bedroom priced at $190,757.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $129 / sq.feet, with an average $139 / sq.feet price in Cincinnati. The properties with the highest average prices have 1 bedroom. They are 50 % more expensive than the average followed by properties with 2 bedrooms with a price at $137 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $270,116 it is 11 % cheaper than the average price in Cincinnati. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $428,719 it is 60 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $99 / sq.feet followed by "Commercial" priced at $104 / sq.feet. "Condo" is the most costly type of property with a $272 / sq.feet cost followed by "House" with an average price of $177 / sq.feet.