Selling your home in Liberty Twp. Ohio
As you can see there is a bit of a difference in the market this year versus years past. Yes, the number of listings sold is still going down, but notice the dollar volume. It is rising.
So based on this data, the average price of home selling, has risen over $18,000 in the Cincinnati Ohio market. It could be, that less "distressed homes" are selling.
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As we can see from this chart, the Absorption Rate started out high at the beginning of the year, but has dropped dramatically in March to 8.6. The Absorption Rate indicates the amount of homes on the market, the inventory. This tells us the "Months Worth" of inventory on the market based on the past performance of the market. In this case, we see that there is 8.6 months worth of Inventory on the market in the Cincinnati MLS. As you see, depending on the area, between 4.5 - 6 is believed to be a "Balanced" market. Anything above, a Buyers Market, below, a Sellers Market.
If you have any questions on the impact of these trends, or would like to know the Absorption Rate specific for your home and area, simply give Scott Baker a call at 513-403-5323.
Scott Baker, ABR e-Pro REALTOR®
Realtor serving Cincinnati, West Chester, Mason Ohio, Liberty Twp. Ohio and the surrounding areas in Butler County and Warren County. To Buy or Sell a home, call Scott at 513-403-5323.
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Coldwell Banker West Shell
513-403-5323
Homes For Sale West Chester Ohio, Homes for Sale Mason Ohio, Homes for Sale Liberty Twp. Ohio
Scott,
Great Post. I like the graphs.
Thanks for sharing,
Matt Naumann
Thanks Matt.
Oh ouch, I have seen those graphs before! "Let the Closings Begin!"
I like your line Renee, you know that. Let The Closings Begin! Perfect to the moment.