September Real Estate Activity for Greater Cincinnati Market
September 22nd, 2009 categories: For Buyers, Sales, Stats
I took a quick look at real estate closings for single family homes and condos during the first half of September. Since many geographic areas fall within school districts, the data is broken down by school district. Remember, most of the closings happen during the last week of the month – so you should expect a large increase in these numbers.
As many buyers are timing their purchases to close at the end of November in order to qualify for the the First Time Home Buyer Tax Credit- the closing numbers in October and November should increase significantly.
A word of caution for FHA and VA buyers- as noted previously- new condo approval regulations may delay your closing. If you are using FHA or VA mortgages make sure to get a list of approved condo complexes or plan on adding several weeks to your anticipated closing date.
| Discussion: Comments Off
Both comments and pings are currently closed.
[...] few days ago I took a look at the number of real estate sales by school district (See Article). Many of you emailed requesting sales price data and while the chart below compares the first 2 [...]
[...] bad-last month I projected a jump in real estate closings during October. However when comparing stats for the same timeframe last month, closings in all the school districts but Oak Hills were down. [...]