Cincinnati Home Sales Are Up!
Posted on | October 28, 2009 | No Comments
Cincinnati Home Sales Are Up!
by Matt Clark, Cincinnati Realtor
Cincinnati Real Estate
In a press release last week, the Cincinnati Area Board of Realtors released stats that showed Cincinnati home sales were UP FOR THE FOURTH MONTH IN A ROW! Although the market is still very competitive with anxious sellers, this shows that buyers are taking advantage of this great time to buy.
- Low mortgage rates
- Lots of available inventory
- Federal tax credit
- The lowest prices we’ve seen in years
These are all key factors playing their part in our market right now.
Below is a chart that compares the number of home sales in recent months to last year’s numbers.
| 2009 | 2008 | Improvement | |
| September | 1,823 | 1,649 | +10.55% |
| August | 1,827 | 1,776 | +2.87% |
| July | 2,002 | 1,866 | +7.29% |
| June | 1,973 | 1,940 | +1.70% |
With the holiday slowdown coming around the corner and buyers reluctantly waiting to see if the government will release another stimulus, the next month or two will continue to be challenging for home sales.
These Cincinnati home sale numbers do show that despite the challenging economy, buyers are returning to the real estate market and feel safe about making an investment in a home.
And that, is good news for everyone.
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