Cincinnati Real Estate

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Kathy S. Koops GRI

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Greater Cincinnati Home Sales in November

filed under: Real Estate posted on December 28th, 2015

Just before Christmas the Cincinnati Area Board of Realtors released the latest numbers for Cincinnati home sales through November, 2015.  During the first 11 months of this year sales are up 6.8% however homes sold/closed were down slightly comparing November 2104 to 2015 by -2.8%.

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Mortgage rates remain very low in spite of the Fed recently raising interest rates. The weather has been unusually warm -so that’s not the reason buyers are not buying.  Continued low number of homes and condos for sale provide the biggest road block to buyers wanting to write purchase contracts.  Last year in at the end of November 9,025  properties were listed for sale versus this year with 7,476 listed – a decrease of -17.2%.  As far as market conditions – the timing is now to sell your existing home and buy a new one.

Cincinnati August Home Sales

Cincinnati Home sale stats

The lack in the number of homes for sale and the sluggish real estate market is not unique to Cincinnati real estate.  Keeping Current Matters posted a great graphic reflecting the state of real estate throughout the country…and we are not alone when it come to a shortage in the number of homes for sale.

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