Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

Contact Me Today. Let's Work Together.

Too Few Homes for Sale in Cincinnati

filed under: Real Estate posted on September 27th, 2016

Numerically speaking “There are too few homes for sale in Cincinnati”.

As we head into a traditionally slower time in the local real estate market the number of single family homes continues to dwindle.

Too few homes for sale in Cincinnati

And the Cincinnati real estate market isn’t unique according to Lawrence Yun, NAR chief economist…”recent job growth is not yielding higher home sales. Healthy labor markets in most the country should be creating a sustained demand for home purchases,” he said. “However, there’s no question that after peaking in June, sales in a majority of the country have inched backwards because inventory isn’t picking up to tame price growth and replace what’s being quickly sold.”

Search

In short, the lack of homes for sale coupled with rising prices may seem like the perfect real estate market.  And for some sellers it is perfect. However in the coming months, as more buyers simply quit hunting for a house, sellers could find themselves on the market for an extended period of time.

The perfect real estate market is when both buyers and sellers have room to negotiate.  Too few homes for sale plus too few new buyers coming into the real estate market equals a slow winter (and maybe spring) in Cincinnati real estate.

 

Comments are closed.