Real Estate Market Archives -

This Month In Real Estate: January 2015

January 23, 2015 by Eric Lowry Leave a Comment

This Month In Real Estate: January 2015

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

According to the National Association of Realtors, the number of projected home sales dipped to 4.93 million.

The national median home price for existing homes decreased to $205,300. That’s down 1.1% from last month and up 5% from the same time last year.

Finally, according to Freddie Mac and local lenders, the average for a 30 year fixed mortgage rate is down from last month to about 3.8%

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

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:

Search the Cincinnati MLS For Homes For Sale

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

Factors To Consider When Buying A Home

Find The Current Market Value of Your Home

New Construction Homes For Sale in Liberty Township

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Connect with us on YouTube

Connect with us on Twitter

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.

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:

Buying A Home In Today’s Market

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

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

This Month In Real Estate For West Chester, Liberty Township & Mason Ohio

November 17, 2011 by Eric Lowry Leave a Comment

This Month In Real Estate For West Chester, Liberty Township & Mason Ohio – November 2011

This month in real estate for November 2011 covers home sales and mortgage interest rates, which are holding steady in the 4.00 – 4.25% range.

Also discussed this month are 1st time homebuyers and what the Keller Williams Realty research says about the type of home that 1st time homebuyers are buying. Over half of all first time home buyers stay in the same area where they were renting. More than 75% of them purchased a single family home that was at least a 3 bedroom, 2 bath home.

>>Search homes for sale in West Chester Ohio right here<<

>>Search homes for sale in Liberty Township Ohio right here<<

>>Search homes for sale in Mason Ohio right here<<

For more information on buying a home, local real estate market conditions and interest rates, please use the contact form below and we will get back to you as quickly as we can.

Other articles that you may be interested in:

What Are Home Mortgage Interest Rates In West Chester & Mason Ohio?

LowryTeam.com Real Estate Trends Report – October 2011

7 Steps To Get Your Expired Listing Sold

September 29, 2011 by Eric Lowry Leave a Comment

7 Steps To Get Your Expired Listing Sold

So your home has been on the market for quite a long time and it just won’t sell. The first thing you should know is that there is a problem somewhere. Homes for sale in West Chester, Liberty Twp & Mason Ohio that are priced right and are in great condition are selling, and are selling pretty quickly. Here are 7 steps for getting your home sold when it has been on the market too long or the listing has expired:

1. Consider re-listing your home for sale. Please understand, I don’t mean just re-list to get yourself a new MLS number. I mean really re-list your home. Change your price. Change your agent/broker. Change your photos. Change your mindset about selling.

2. Consider offering some incentives. Offer to pay the buyer’s closing costs. Offer to pay the buyer’s agent a higher commisson. Offer to put all brand new kitchen appliances in the home if yours are older.

3. Make your home available for showings at anytime. If you are serious about selling your home, don’t put limitations on when it can be shown. If you have pets that cause issues for showings, make arrangements for them to stay at a friend’s house or at a pet boarding center.

4. Be sure you have the best marketing. Do you have the maximum number of high quality photos, a virtual tour, a YouTube video, Craigslist advertising and exposure to all of the national as well as local internet websites? You better have, if you want your home sold!

5. Be sure you have the best photos. Yes, I am repeating this one. It is crucial that you have great photos and plenty of them. Keep in mind, if your home has been on the market for quite a while, your photos are old. They need to be current with the seasons. No pictures of homes with trees with no leaves and NO SNOW!

6. Be sure that you have the right list price. Get an updated Market Value Analysis of your home. Real estate market conditions change. Be sure you have the most current information.

7. Get your home professionally staged. I know you didn’t have it staged before you listed your home for sale the first time, because if you had done so, your home would already be sold.

So there is a good start. If your home was listed for sale for too long and you are frustrated take these tips to heart. If you are looking for solutions and want a second opinion give us a call. We can get your home sold. We specialize in homes that should have sold, but didn’t.

Just fill out the form below and we will contact you as quickly as we can.

West Chester & Liberty Township OH Real Estate Market Breakdown – July 2011

July 6, 2011 by Eric Lowry Leave a Comment

West Chester & Liberty Township OH Real Estate Market Breakdown – July 2011

It’s time to breakdown the West Chester & Liberty Township Ohio real estate market again. In the real estate market breakdown we take a look at which price ranges are in the best shape from a home sellers perspective in West Chester Ohio and Liberty Township, Ohio and which are not? The best way to measure the general strength of the West Chester & Liberty Township, Ohio real estate market and to break down it’s different price ranges is to evaluate the amount of homes for sale in both the total area and also in each different price range.

SEARCH ALL HOMES FOR SALE IN WEST CHESTER & LIBERTY TOWNSHIP, OHIO

As you can see in the chart below, there is clearly more activity in some price ranges than others and certainly more homes for sale in some of the ranges also. In each of the different price ranges you can see the number of homes for sale, the number of homes that have sold in the last six months and the months supply of homes for sale.

The number of homes for sale is a pretty straight forward statistic, the number of homes that have sold in the last six months is used to determine the rate that homes are currently selling. The key number in this chart is the months supply of homes for sale.

If we were in a seller’s market we would show a month’s supply of less than 5 months inventory, 5-6 months supply of homes for sale is considered a neutral market favoring neither homebuyers or homesellers and anything over 6 months is considered a buyer’s market. The higher the number of months of inventory the stronger the buyer’s market.

Clearly we can see that a number of price ranges are in a more extreme buyer’s market than others. It’s no surprise that we are in a buyer’s market, but the intensity of the buyer’s market in the higher price ranges is quite extreme. When listing a home for sale you must understand the level of pricing pressure and competition so that you employ the correct pricing strategy in selling your home.

LowryTeam.com Real Estate Market Statistics July 2011 — Click The Image To See A Larger Version

Please keep in mind that these statistics are for West Chester Ohio and Liberty Township, Ohio only and are based on data obtained from the Greater Cincinnati MLS. When making pricing decisions and putting your home on the market be sure that you have not only looked at the recently sold homes in your neighborhood, but also at the active competition currently on the market and the direction of the current market. Especially in your home’s particular price range.

Do you want to track the real estate market activity in your West Chester or Liberty Township Ohio neighborhood? Get a free, comprehensive real estate market report sent directly to your inbox at >> Home Values In West Chester Ohio.

West Chester OH Real Estate Market Breakdown – April 2011

April 3, 2011 by Eric Lowry Leave a Comment

West Chester Ohio Real Estate Market Breakdown – April 2011

Which price ranges are in the best shape from a home sellers perspective in West Chester, Ohio and which are not? The best way to measure the general strength of the West Chester, Ohio real estate market and to break down it’s different price ranges is to evaluate the amount of homes for sale in both the total area and also in each different price range.

SEARCH ALL HOMES FOR SALE IN WEST CHESTER, OHIO

In the chart below you can see that there is clearly more activity in some price ranges than others and certainly more homes for sale in some of the ranges also. In each of the different price ranges you can see the number of homes for sale, the number of homes that have sold in the last six months and the months supply of homes.

A seller’s market would show a month’s supply of less than 5 months, 5-6 months supply of homes for sale is considered a neutral market and anything over 6 months is considered a buyer’s market. The higher the number the stronger the buyer’s market.

Looking back at the January Real Estate Market Breakdown you can see that in a number of the different price ranges the months supply of homes for sale has greatly increased. This is caused by two factors: (1.) There are more homes for sale now and (2.) The pace at which homes were selling in this last six month period has slowed considerably. Clearly we can see that a number of price ranges, as well as the overall market are a buyer’s market. No surprise there, but when listing a home for sale you must understand the level of pricing pressure and competition that you face so that you can employ the correct pricing strategy in selling your home.

West Chester Ohio Real Estate Market Breakdown — click on the image to see a larger version

Please keep in mind that these statistics are for West Chester, Ohio only and should be considered along with the Liberty Township, Ohio real estate market statistics when making pricing decisions and putting your home on the market. I will update the market numbers for Liberty Township later this week.

Do you want to track the real estate market activity in your West Chester Ohio neighborhood? Get a free, comprehensive real estate market report sent directly to your inbox at >> Home Values In West Chester Ohio.

posted by Eric Lowry