2009 Cincinnati home buyers and sellers

Posted on | February 19, 2010 | 1 Comment

I was recently reading through the 2009 Profile of Home Buyers and Sellers for Cincinnati, Ohio and noticed a few interesting statistics…

Cincinnati Home Buyers

47% of home buyers were first time home buyers
20% of recent home buyers were single females (compared to 10% single males)
76% of home buyers considered commuting costs very or somewhat important
77% of home buyers used the internet
80% of home buyers viewed their Realtor as a very useful information source
The typical buyer searched for 12 weeks and viewed 12 homes (this is also the national average)

Cincinnati Home Sellers

Sellers received 94% of their asking price but 62% of sellers said they had to reduce their price at least once (both of these numbers are in line with the national average)
46% of home sellers gave incentives like home warranty’s or help with closing costs to attract buyers
Of the 9% of home owners that sold “for sale by owner,” half of them already knew their buyer, but only 10% of these “for sale by owners” sold in the length of time they planned

Feel free to look through the entire summary report here:

2009 Profile of Cincinnati Home Buyers and Sellers

Category: Uncategorized

Comments

One Response to “2009 Cincinnati home buyers and sellers”

Don Kennedy
February 24th, 2010 @ 10:58 am

Matt-
Great blog. I appreciate the thought you are putting into this site. May I reference your blog articles in emails I send to my clients and list on my blogroll for http://www.MasterMyList.com ?
Thanks,
Don Kennedy

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