Cincinnati Real Estate

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Kathy S. Koops GRI

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Cincinnati Real Estate Market is Very Active

filed under: Real Estate posted on January 7th, 2015

Holiday parties in the Cincinnati area didn’t deter motivated home buyers and sellers from making deals during the the last 10 to 11 days.  The local real estate market was very active over the holidays with lots of contracts negotiated as we closed out 2014 and began celebrating 2015.  If there is any doubt about the spring market starting early -the number of deals seems to indicate the rush has begun.

Cincinnati Real Estate Hot Sheet

Home sales look healthy when comparing the number of new listings to the number of pendings- properties that are priced right are selling quickly.  Sellers are reducing prices in order to grab the buyer’s attention and some sellers have just given up and allowed their listing contracts to expire.   Mortgage rates remain steady and the cold snowy weather is liable to provide more buyers an incentive to look for more space …to improve cramped quarters with kids still home after a long Christmas break and snow days.

The old belief that homeowners should wait until spring to sell is really a thing of the past.  Right now January appears to be as good or better for home sales.  Remember the rule of thumb, homes/condos that are on the market for a shorter period of time tend to sell closer to the asking price.

 

 

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