Real Estate Black Friday Sales
Real Estate Black Friday Sales
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Cincinnati real estate celebrates brisk “Black Friday” home sales!
Cincinnati home sales continue are typically steady through the holidays. It’s not a bad time to sell a home during the October – November timeframe. In fact from now until the end of the year is usually a busy time for Realtors®
From October 1st through November 30th single-family home sold/closed have been brisk:
| Year | Number Sold/Closed | Average Sale Price |
|---|---|---|
| 10/01/15- 11/30/15 | 3236 | $178,378 |
| 10/01/16- 11/30/16 | 3597 | $195,144 |
| 10/01/17- 11/30/17 | 3686 | $209,356 |
| 10/01/18- 11/30/18 | 3603 | $218,597 |
| 10/01/19- 11/04/19 | 2011 | $226,729 |
Based on projected numbers for 2019 sold/closed numbers for October and November 2019 should exceed 3500.
Just like Black Friday blowout sales overpriced merchandise sits on the shelf or market longer. Holiday shoppers are looking for deals and may offer way less than asking price on older listings. Sellers shouldn’t be upset. An offer is negotiable and deals can be made.
The current inventory of homes for sale in greater Cincinnati remains low. And if you want to sell don’t wait until after the first of the year to list. Interest rates are low and holiday shoppers are looking for homes to settle in before 2020.
