The market may not be BOOMING, but CINCINNATI still has it good..

Posted on | January 8, 2008 | No Comments

[January 8, 2008 Press release from the Cincinnati Area Board of Realtors]

November Pending Cincinnati Home Sales Off 8%
Compared to National Slide of 19%

Pending home sales in southwest Ohio and southeast Indiana in November were as follows:
Pending sales Nov. 2007 1,522
Pending sales Nov. 2006 1,656
Local Variance -8.1%
Nationwide Variance -19.2%

Pending sales are contracts written, but not yet closed. Closings typically occur 30-45 days
after contracts are accepted, with the exception of cash transactions, which close faster.
“November and December typically are our slower months,” said Karen Schlosser, president
of the Cincinnati Area Board of Realtors. “Sales then pick up in January and are strongest
from March through August.”
Several factors have affected the market this past year, including subprime mortgage loans
and higher-than-usual housing inventory.
“Smart buyers now have a distinct advantage with the array of homes for their buying
consideration,” said Schlosser. “Add to that attractive prices and low mortgage rates.”

Category: cincinnati, home, house, real estate, realtor

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