Cincinnati Real Estate

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Kathy S. Koops GRI

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What’s Happening in Greater Cincinnati Real Estate

filed under: Real Estate posted on January 20th, 2015

What’s really happening in the greater Cincinnati market in mid January 2015?
Real estate in Cincinnati

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If haven’t visited downtown Cincinnati lately- be prepared for construction everywhere.  Tracks and raised platforms for the streetcar, new apartments on the Banks and new office buildings under construction. The neighborhoods in and around Cincinnati are also experiencing lots of activity.  The number of single family homes for sale 6914 and the number of available condos – 976 is significantly less than the numbers available last year at this time- 7842 single family homes and 1125 condos.

According to the Multiple Listing Service of Greater Cincinnati:

Cincinnati Real Estate by Zip Code

It’s hard to understand why not having enough homes and condos for sale causes buyers to just stay home.  Sellers think- fewer properties -buyers fighting with each other and raising their offers in order to buy the property.  And that might be true if you just listed at the perfect price.  Reality is -fewer properties on the market- buyers just stay home and wait until their “ideal property” hits the MLS.  They’re not looking at properties $20,000 or $30,000 over their price range- they are just waiting!

So the time is right now if you’re thinking about selling.  Purge the excess, clean, and neutralize and get it listed.  Don’t wait for April or May to list and whenever you decide to sell- make sure to list at the best price to attract the next buyer on the market.

Stay tuned for market updates.

 

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