WVXU airs a flawed report on the state of Cincinnati Real Estate
Today WVXU aired a piece citing the fact that Cincinnati is in the bottom 20 cities in the RealtyTrac Housing Market Recovery Index. While the RealtyTrac report is data driven and evidence based it is narrow-sighted and focuses on variables that impact not only the local economy but variables that are impacted by local regulation, process and add unnecessarily to an unflattering view of our local real estate market.
Recent data from the Cincinnati Area Board of Realtors (CABR) contradicts the dire picture painted by the WVXU report and should have been included in the article. Locally the market continues to increase in strength as evidenced by shorter days on market, increased price points, and volume of sales. This article here showcases the gains that our Cincinnati real estate market has made year over year.
While the WVXU article is accurate, it is certainly not complete, and does not present the full picture.