October Real Estate Closings for Greater Cincinnati
October 22nd, 2009 categories: Sales, Stats
My 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. Still many buyers have waited to the last minute to purchase in order to qualify for the $8,000 tax credit- so hopefully closings for the second half of the month will pick up steam.
There is no magic pill for the current real estate market. Overpriced listings linger on the market-while fresh, well priced inventory is under contract in record time. It seems a lot of consumers are leery about their jobs, the state of the economy are staying put for awhile.
Stay tuned for month end numbers.
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