Increased Home Sales in December

Posted on | January 27, 2009 | No Comments

Increased Home Sales in December
by Matt Clark, Cincinnati Realtor
Cincinnati Real Estate

Many people think that no one buys a home during the winter, much less the event filled month of December, but there were actually 1,272 Cincinnati home sales last month. This was an 8% increase over November’s Cincinnati home sales. This is good news, but there is still a drastic oversupply of Cincinnati homes for sale.

We currently have approximately 10 months of inventory on the Cincinnati market. A balanced real estate market occurs when there is approximately 6 months of homes for sale. This means that it is a GREAT time to BUY in Cincinnati. This could possibly be the best time in decades to purchase a Cincinnati home.

In contrast, that does NOT mean you can’t sell your home right now. Like I said, over a thousand Cincinnati homes sold last month alone. Your home must be priced correctly, from day one. There is no “testing” this market. You must be priced more competitively than your competition, you must be staged better than your competition, and you must be ready to show your home on a moments notice. Buyers are looking for a great deal; this doesn’t mean they have to take you to the cleaners, but you do have to give them VALUE.

I’m not one for cold weather, but I’ve been out showing homes every weekend this January and I’m surprised at the amount of people that I see out looking at Cincinnati homes. I love this burst of energy that we’re about to see called SPRING. If you are planning on buying or selling this year, now is the time to involve your real estate professional.

Category: cincinnati, cincinnati first time home buyers, cincinnati real estate, cincinnati real estate market, tax credit

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