Let's Compare the Hyde Park Market to the City of Cincinnati

This graph compares the average sales price movements for Hyde Park to the City of Cincinnati. Note that Hyde Park has experienced sporadic movement month to month regarding the average sales price but has continued to climb over the last 12 months. Similar to the stock market, Hyde Park continues to be a safe long term investment.

The City of Cincinnati on the other hand has remained pretty stable, even decreasing in value of about 2 1/2 percent over the last year. There are several neighborhoods that have contributed to that decline more than others. What you need to remember is that you're looking at an average value. There are nearly as many neighborhoods that have gained value as have lost.

The new campaign for the National Association of Realtors is that Real Estate is Local!. I want to drive the point home that not only is the City of Cincinnati's market different from Los Angeles, but also that neighborhoods within Cincinnati are different.

Contact me if you'd like to learn more about what Cincinnati neighborhoods will give you the best chance for appreciation over the next few years!

Cincinnati Real Estate - Trulia