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Cincinnati Real Estate Market Report February 2019

March 21, 2019 by Eric Lowry

Home Values New Listings Contact Us
Under $200,000 Under $300,000 Under $400,000

Market conditions in our area are currently a “tale of two markets”. First, we have the luxury market where we are seeing a much longer average of days on the market, and a much larger supply of homes for sale.

In the entry-level and first move-up market, there is an extreme shortage of homes for sale. Homes in this price range can sell very quickly and for top dollar. The best time to sell your home is when there are a lot of potential buyers, but very few homes to choose from. That’s exactly what we have going on in our market right now. If you would like to sell your home for top dollar and get the terms you want, now is the time to get it on the market.

If you’re a buyer, you may be thinking now is not the best time to buy. Actually, that’s not true. Interest rates have come back down a little which makes buying a bit more affordable, i.e. lower monthly payments. Home prices and interest rates are projected to rise, so waiting to buy will cost you more money.

If you’re thinking of buying a home or selling a home,
call or text us at 513-368-3751.

Find Your Home's Current Market Value In Seconds

Filed Under: Eric Lowry's Articles, Market Update Tagged With: Buying a home in Cincinnati, Cincinnati Real Estate Market Report February 2019, Eric Lowry, Selling a home in Cincinnati, The Lowry Team, Top Realtors in Cincinnati

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