Mt. Adams Market Snapshot - 2005-2010
By Saralou Durham, Cincinnati Perspective Hyde Park,Anderson,Mt. Adam
(RE/MAX Preferred Group - Cincinnati Real Estate Team)
June numbers are in for Mt. Adams. For the month, 2 homes or condos were sold. There are currently 41 homes actively on the market and 4 pending sales. Credit Suisse provides a monthly analysis of real estate traffic (showings) across the country. The traffic index level dropped to levels not seen since the credit crisis began in late '08. The sharp fall off in traffic was expected in May, but June only added to the slowdown. The most worrisome aspect of their index is that the numbers continued to fall throughout the month. Along with that, the number of pending home sales across the country dropped 30% from May, 15% below May, 2009. The number of closings will continue to decline in July and August based upon this. So, what does that mean? Overall, it dem...
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