Cincinnati Real Estate – Where are We? Where Have We Been? #1

 

We are all keeping our eyes on the real estate market. Whether you are currently in the market as an actively shopping buyer, or considering selling your home, you know the numbers matter.  Those of us that are actively involved with assisting customers and clients should clearly be keeping an eye on the numbers!
What is interesting about the current real estate environment is that anyone with a deed and a mortgage to real property is paying attention to the numbers like never before.

Let’s keep an eye on the market together.  I will update you monthly with stats from the Greater Cincinnati Multiple Listing Service, so that you can see the trends as we do. Read more

Absorption Rate: What is it? How do I use it?

In the past, we would talk about “Days on Market” when counseling sellers, and discussing how long they might expect to have their home on the market, before receiving an offer to purchase. “Days on Market” was an easy number for your agent to find.  A couple of clicks in the Multiple Listing Service, and we could have DOM pretty quickly.  About 2005 we noticed a “shift in the wind”. Read more

The Announcer says “RE/MAX. Outstanding Agents, Outstanding Results” So What??

Advertising and marketing are powerful.  Jingles get stuck in our head. Beloved cartoon characters sell us everything from breakfast cereal to sinus pills. Clever catch phrases will disarm and sway even the savviest consumer. 

Quite a bit of money is spent advertising real estate companies on both a national and local level.
Catchy jingles during drive time, or large billboards advertising websites all work to grab our attention.

Here in Cincinnati, the local brokers and national companies alike have good, dedicated agents working under their banner.  So, does it really make a difference what company you choose? Read more

Are We Out of Sales Jail Yet?

Are we out of sales jail yet?  The numbers say NO.  April was a tough month for home sales in Cincinnati.   The Cincinnati Real estate market continues to try to find a real bottom.   In April 2007 there where Read more

Are We At Market Bottom - Part 2

There are additional signs that indicate we may be near a market bottom.   In my previous post I talked about properly priced homes selling quickly.   I have been seeing homes sell very quickly at around Read more

Market Snapshot - 2000 to 2008

Homes are still selling, but not like before.   This is a great graph to understand the current real estate market.   The line at the top is the number of homes sold in Cincinnati.  As you can see, the market peaked in Read more