The winter/holiday market is here and some sellers are stepping back and waiting to make price adjustments after the new year. Even though showings are down- waiting to drop to a competive price isn’t really a good marketing strategy. Buyers who opt to house hunt and not the malls for Black Friday specials are serious about buying- so sellers need to be serious about selling. Mortgage interest rates remain low and the number of homes and condos for sale is also low in some areas. Get an up-to-date market review from your Realtor(C) and make an informed pricing decision.
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Data pulled from the Multiple Listing Service of Greater Cincinnati shows that potential buyers have 8025 single family homes and 1109 condos -a slight decrease in the available properties since the last township report.
The median list price for single family homes and condos jumped in both Deerfield Township and Green Township.
Each neighborhood and complex within each zip code has unique pricing characteristics-make sure you look at not only the average/median list prices but also the absorption rate and the prices of recently sold properties.