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

December 31, 2014 by Eric Lowry Leave a Comment

This Month In Real Estate December 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 home sales rose to 5.26 million.

The national median house price for existing homes decreased to $208,300. That’s down .4% from last month and up 5.5% from this same time last year.

Finally, according to Freddie Mac, the national average for a 30 year fixed rate mortgage is up from last month to 3.99%

To find out how these numbers affect home prices in our area, contact Eric Lowry, CEO and Listing Specialist of The Lowry Team at 513-874-1830.

The Lowry Team – Keller Williams Realty 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 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:

Where Will 30 Year Mortgage Rates Be In 12 Months?

Fannie Mae and Freddie Mac Offering 3% Down Programs

Do I Need A Bigger Down Payment Before I Purchase A Home?

Hire A Real Estate Agent To Get The Home You Want

Best Places to Live in Cincinnati

West Chester Ohio Is One Of The Best Places To Live

Southwest Ohio Schools In Top Ten On State Report Card

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

The Value Of Being Pre-Approved

The Lowry Team Keller Williams :: This Month In Real Estate

August 28, 2014 by Eric Lowry Leave a Comment

The Lowry Team Keller Williams :: This Month In Real Estate

Welcome to This Month In Real Estate for August 2014.

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

According to the National Association of Realtors, the number of projected home sales rose to 5.04 million. The national median home price for existing home mortgages increased to $223,300. That’s up 5.3% from last month and up 4.3% from this same time last year. If you are looking to sell, now might be a good time to enter the market.

Finally, according to Freddie Mac, the national average for a 30 year fixed rate home mortgage is down from last month to just over 4%

To find out how these numbers affect your home prices,

Contact The Lowry Team Today at 513-874-1830.

The Lowry Team – Keller Williams Realty 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:

Buying A Home In The Current Housing Market

Homes for Sale in West Chester Ohio

Condos for Sale in West Chester Ohio

Foxborough Homes for Sale In West Chester Ohio

West Chester Ohio Home Values