Greater Cincinnati Multiple Listing Service Stats
February 5th, 2008 categories: Real Estate Buying, Real Estate News, Real Estate Selling, Relocation
Hot off the press- read all about it!
Let’s look at real numbers for the greater Cincinnati real estate market comparing January, 2007 to January, 2008.
| January 2007 | January 2008 | % Change | |
| Active Inventory | 14,634 | 17,329 | 18% |
| Pending Inventory | 2,161 | 2,262 | 5% |
| Closings | 1,370 | 1,071 | -22% |
(Per the greater Cincinnati Multiple Listing Service for single family and condos)
While the media will probably focus on the increase in Active Inventory and the decrease in the number of Closings- take a look at the pendings. There is a slight uptick in the number indicating an increase in purchase activity.
This is no surprise with mortgage interest rates at a historic low, cautious buyers are tip toeing back into the market.
Low mortgage rates + lower prices on homes = great time to buy (and sell).
If you need more information to make an informed decision- ask me.
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