Our friend in Austin Texas is using all of his social media know how to sell his home. We spoke with David about some of the social media pieces we have used with our clients and he has shared his experiences with us. He sent us a music video over the weekend and we are posting it today. It is a unique take on the virtual tour. If any of our readers just so happen to be in the market for a 3/2 in Austin, Texas please let me know.

Everyone I know has been asking us “So how is the market doing … really.” The honest answer is that it is not as bad in Cincinnati as other place but of course, we would like it to be better. When we pulled up numbers and took a statistical look at both sale price and units sold the number show a decline, but not the catastrophic drop some other parts of the country have seen.

Hamilton County saw a decrease in sales of 14% (3137 to 2697) in the first five months of 2008 compared to the first five months of 2007. In the same time period sale price fell slightly by 11% ($169,617 to $152,360). The challenging part about these numbers, particularly the sale price is that there are so many bank owned homes being sold now at a fraction of their market value. With fewer overall sold properties, the higher volume of bank sales is having a greater impact on the average sale price in Hamilton County.