Inventory Snap Shot in Focus

June 30th, 2008 categories: Cincinnati, Ohio, Fairfield, Ohio, Liberty Township, Ohio, Real Estate News, Real Estate Selling, West Chester, Ohio

Everybody wants to know how the real estate market is doing?

Whether you live in West Chester, Oakley, Fairfield, Beckett Ridge or elsewhere, the market is showing signs of life.

So I took a ”snap shot” of Sunday Open Houses for June 29th as well as active listings and pending sales for single family homes in the following areas:

Location	# Open Houses	# Active Listings	# Pending (06/01/08)
Beckett Ridge	2	22	2
Fairfield	12	176	24
Fairfield Twp	26	156	15
Hyde Park	18	108	19
Liberty Twp	46	409	45
Mt. Lookout	12	65	6
Norwwod	7	160	19
Oakley	16	59	14
West Chester	52	292	42

Data from Greater Cincinnati Multiple Listing Service

Open Houses were fairly robust yesterday. But don’t despair if you had an open house and nobody walked through- it is just one of many tools to sell your property.

The mathematically inclined are now dividing the number of active listings by the number of pending slaes to figure out “absorption rate (how many months of inventory) but the real number - sold/closed properties- needed for that calculation won’t be available for a week or so.

Buyers certainly have a lot of options in the Lakota School District.

Add up the active listings for Liberty Township, West Chester and Beckett Ridge to find 793 single family homes for sale - so if your home is not priced correctly…buyers definitely have a lot of options and may skip looking at your property.

Remember the inventory snap shot is just a picture of a moment in time- and the local real estate market fluctuates on a daily basis.

If you crave more detailed information, want to be better prepared before you list your home or are just a nosey neighbor looking for information- email or subscribe now for the latest updates.

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