Despite optimistic views of the Cincinnati real estate market due to recent increases in median sales prices, many real estate experts in Cincinnati are still unsure when the Cincinnati real estate market will hit bottom and be ready to rebound.  Many experts feel that there are still major obstacles to the recovery of the real estate in Cincinnati, with job security being one of the major ones.  Real estate levels in Cincinnati also fail to show consistent improvements from month to month, adding to the uncertainty of the future of the Cincinnati real estate.  However, many real estate experts believe that the performance of the Cincinnati real estate over the next few months should provide an outlook on the future of the Cincinnati real estate and when recovery will begin.

According to the Business Courier in Cincinnati, Cincinnati is among to top 15 cities in gains in median home sales prices.  Although median prices declined slightly in September of 2009, Cincinnati ranked 13^th out of 50 cities for quarter over quarter gains in home prices.  Cincinnati posted an 11.5 percent increase in home prices in quarter to quarter gains, but the market was still suffering from a 6.3 percent decline in home prices compared to the same period in 2008.  Many real estate experts have noted that the Midwest is leading the nation in real estate recovery, primarily due to the large inventory of affordable housing options.  Much of the real estate activity in Cincinnati is taking place in the lower priced real estate markets.  However, many experts are still concerned that the problems with job security will continue to be a major obstacle to the improvement and recovery of the Cincinnati real estate market.  Full recovery of the Cincinnati real estate market will not be possible if unemployment continues to plague the Cincinnati economy.

The Cincinnati Enquirer has reported that many realtors and real estate experts are anxious to see how the Cincinnati real estate market performs in the coming months as many believe that the extension of the federal home-buyers tax credit will fuel an increase in activity in the Cincinnati real estate market in the coming months, especially as the deadline approaches in April of 2010.  Many realtors feel that the tax credit has been a major factor in the slight improvements seen over the past few months, and many expect it to be one of the major factors leading to the recovery of the Cincinnati real estate market.