Another hot condo market is showing signs of cracking. This time it's the luxury urban condos in Cincinnati, Ohio and along the Northern Kentucky riverfront.
The Enquirer reports that the recent condo glut has led to a decrease in condo sales. At first when the new urban luxury condo projects began to spring up in the area eager buyers but now sales have slowed. Two projects we have mentioned before,
SouthShore in Newport and
RiverCrossing are moving forward at a much slower rate. Condo builders in the area are hopeful though and see the condo slowdown as part of an overall softening of the market.
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