Local Housing Market Heating Up

The Enquirer wrote yesterday that Cincinnati-area pending home sales in June rose 9% year over year compared to last June. (You can see the full article here.) That's great news! As I participate in the market daily, I can definitely see that activity is picking up. First time home buyers are really getting serious. They have to close before November 30 this year in order to take advantage of the $8000 tax credit. Additionally, those in the market to move up into their 2nd or 3rd home are having a hard time letting some of the current market deals pass them by. Savvy clients understand that there is a possibility that they may take a bit of a hit on the sale of their current home, but that they will more than make up for any loss with the bargains to be had on the buy side of the transaction.

One final note: current mls statistics indicate that fresh inventory is selling. Homes that have been listed for a while are sitting, while new listings to the market are generating activity & offers! Now could be a perfect time to consider listing your home for sale. Call or email me today for a free, no-obligation Competitive Market Analysis to see how we can best position your home to sell in today's market.