It’s good to frame this week’s real estate activity in greater Cincinnati by taking a minute to review the report from last week.
The number of single family homes continues to decline with 10,297 active listings, while the condo inventory remains steady with 1693 listings. Contrary to popular belief shrinking inventory does not increase buyer interest. Older listings end up gather dust on the shelf while newly listed properties are gobbled up almost as soon as they hit the market. More new listings spurs more buyers back into the “buying mode”. So if you’re a seller waiting for the market to pick up steam…this real estate market is waiting for you to put a sign out front of your house.
In 6 key zip codes prices continue to fluctuate and according to data pulled from the Multiple Listing of Greater Cincinnati.