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Buying A Home In Today’s Market

The Lowry Team :: This Month In Real Estate October 2014

October 29, 2014 by Eric Lowry Leave a Comment

The Lowry Team Keller Williams Realty Presents

This Month In Real Estate, October 2014

Here are just a few of the national real estate numbers we are tracking for you right now:

According to the National Association of Realtors, the number of projected homes sales dropped to just a little over 5 million.
The national median home price for existing homes decreased to $219,800. That’s down .8% from last month and up 4.8% from this same time last year.
Finally, according to Freddie Mac, the average 30 year fixed mortgage rate is up from last month to 4.23%

To find out how these numbers affect home prices in our area or for more information on the local housing market, contact Eric Lowry , CEO and Listing Specialist for The Lowry Team Keller Williams Realty.

The Lowry Team is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing, personal, professional real estate service.

The Lowry Team is “Different by Design”…taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team, Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

West Chester Ohio Is One of The Best Places to Live

West Chester and Liberty Township Ohio Real Estate Market Report

The 6 Most Essential Home Buyer Tips

First Time Home Buyer Homes For Sale In West Chester

Search the Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

Buying A Home In Today’s Market

Interest Rates Have Dropped – Now Is The Time To Buy A Home

October 21, 2014 by Eric Lowry Leave a Comment

Interest Rates Have Dropped – Now Is The Time To Buy A Home

The real estate market is experiencing a huge window of opportunity for homebuyers. Interest rates have temporarily dropped again. 30 year fixed rate mortgages are currently right around 4% This drop in interest rates greatly affects your purchasing power. These low interest rates could mean the difference between you buying your dream home or settling for your second choice.

The National Association of Realtors, the Mortgage Bankers Association, Fannie Mae, and Freddie Mac all predict an increase in interest rates by this time next year. Whether you are considering buying your first home, a vacation home or moving up into your dream home, now is the perfect time to make that move!

Contact The Lowry Team of Keller Williams Realty Associate Partners today to get in touch with a real estate specialist.

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team, Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

West Chester Ohio Is One of The Best Places to Live

West Chester and Liberty Township Ohio Real Estate Market Report

The 6 Most Essential Home Buyer Tips

First Time Home Buyer Homes For Sale In West Chester

Search the MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

Tips to Add Curb Appeal To Your Home

West Chester and Liberty Township Ohio Real Estate Market Report

October 3, 2014 by Eric Lowry Leave a Comment

West Chester and Liberty Township Ohio Real Estate Market Report

West Chester and Liberty Township Ohio Home Sales were flat when compared to the sales in West Chester and Liberty Township in August 2013. The 167 closed home sales in West Chester and Liberty Township in August remains at the highest levels that we have seen since 2005. The ability for the sales levels to continue to increase is limited right now by a shortage of available homes for sale.

West Chester and Liberty Township Ohio Average Sale Prices were up 19.64% in August 2014 when compared to August of 2013. Average sale prices for West Chester and Liberty Township for year to date 2014 are now up 10.51% compared to 2013. The trend with home prices continues to be positive.

Days On Market for West Chester and Liberty Township Homes that closed in August 2014 was 66 which is the same as both August 2013 and July 2014. 66 days on market is historically a very low number and continues to reflect the fact that nice homes priced correctly are selling very quickly.

List to Sale Price Ratio for homes sold in West Chester and Liberty Township Ohio in August 2014 was 97.15% which is just slightly lower than July 2014’s 97.43% These 97% plus ratios are very high and are also an indicator of both market strength overall and the continued shortage of homes for sale. Homes on the market less than 30 days sold for 98.32% of list price in August.

The Inventory of Homes for Sale in West Chester and Liberty Township has been low for quite some time now and has even dropped slightly lower. The current level of supply is at 3.5 months worth of homes for sale compared to last month when the month’s supply was 3.8.

Interest Rates in the West Chester and Liberty Township area remain very low and have largely been very stable. The current rate for a 30 year fixed rate loan is approximately 4.25% for a conventional loan and approximately 4.125% for an FHA loan.

Other articles you may be interested in:

5 Easy Home Improvements To Increase Home Value

West Chester Ohio Homes for Sale

West Chester Ohio Condos for Sale

Find Your West Chester Home Value

Liberty Township Ohio Homes For Sale

Liberty Township Ohio Condos For Sale

Find Your Liberty Township Home Value

Buying A Home In Today’s Market

The Lowry Team Keller Williams :: Buying A Home In The Current Housing Market

August 14, 2014 by Eric Lowry Leave a Comment

The Lowry Team Keller Williams :: Buying A Home In The Current Housing Market

The Lowry Team is seeing the local housing market in the West Chester and Liberty Township areas rising steadily. For homes that are in great condition, staged to sell and priced right, this is leading to multiple offers on the home.

Back before the decline in the housing market, buyers had the advantage when buying a home. There was a surplus of homes for sale so buyers had plenty of houses to choose from. They could take their time house hunting, make a low ball offer and if it was not accepted move on to the next house that met their criteria.

In the current housing market, inventory is low. Sellers have the upper hand in negotiations.

The Lowry Team has 5 tips that will help you win the house of your dreams.

1. Get pre-approved for a loan. The Lowry Team likes to work with Rapid Mortgage. Justin Phillips, Branch Manager for Rapid Mortgage Company can begin the loan process for you. It is important to have a pre approval letter when making an offer.

2. Have a consultation with your buyer’s agent before you start looking at houses. Be clear on what you want and need in a home. This will allow you to move fast.

3. When writing an offer, make it strong and solid. The Lowry Team has seen many houses sell at and above listing price in recent months.

4. Do not ask for a lot of seller concessions. Keep the offer as clean as possible.

5. Work with one of the buyer’s agents on The Lowry Team. Jessica Lowry, Lisa Tesmer and Darryl Smith will look out for your best interests.

Contact The Lowry Team of Keller Williams Realty Associate Partners today to get in touch with a buyer specialist.

The Lowry Team is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing, personal, professional real estate service.

Buyers and sellers can reach The Lowry Team –

Keller Williams Realty at

513-874-1830.

Other Articles You May Be Interested In:

Villages Of Providence Subdivision And Homes For Sale In West Chester

The 6 Most Essential Home Buyer Tips

Beckett Ridge Subdivision and Homes For Sale

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Find The Current Value of My Home

Tips to Add Curb Appeal To Your Home

West Chester and Liberty Township Ohio Real Estate Market Report

July 23, 2014 by Eric Lowry Leave a Comment

West Chester and Liberty Township Ohio Real Estate Market Report

West Chester and Liberty Township Ohio Home Sales were down 4.14% in June when compared to the sales in West Chester and Liberty Township in June 2013. Home sales in West Chester and Liberty Township in June 2014 were the 2nd highest for June since 2006. A lack of available homes for sale in West Chester and Liberty Township may be holding back significant sales growth right now.

West Chester and Liberty Township Ohio Average Sale Prices were up 9.73% in June 2014 when compared to June of 2013. Average sale prices for West Chester and Liberty Township for year to date 2014 are up 8.94% compared to 2013. The trend with home prices continues to be positive, with slow and steady improvement.

Days On Market for West Chester and Liberty Township Homes that closed in June 2014 was 62 which is dramatically lower than June 2013. 62 days on market is very low when compared to almost any time period in recent history. As we have been saying for awhile, brand new listings that are staged for sale and priced correctly continue to sell very quickly.

List to Sale Price Ratio for homes sold in West Chester and Liberty Township Ohio in June 2014 was 97.57% which was a large increase over June 2013’s 96.68% The list to sale price ratio is simply the percent of the current (last) list price of a home that it actually sells and closes for. The list to sale price ratio can be a pretty good indicator of a real estate markets overall strength.

The Inventory of Homes for Sale in West Chester and Liberty Township remains low with a current level of supply at just over 4.5 months worth compared to 2 months ago when the months supply was just about 5 months.

Other articles you may be interested in:

5 Easy Home Improvements To Increase Home Value

West Chester Ohio Homes for Sale

Find Your West Chester Home Value

Find Your Liberty Township Home Value