Cincinnati Real Estate » sales

December Home Sales Increase in Cincinnati and US

Alison Moss — Fri, 21 Jan 2011 17:53:42 +0000

Across the US and in Cincinnati home sales increased in December. Nationwide sales rose by over 12%. Although sales were up in the month of December, and had been on an upswing, December 2010 was weaker than December 2009 according to NAR.

5 of the the last 6 months of 2010 have seen an increasing trend in sales volumes. The growth is tied to the slow economic recovery. The sales composition is what is a bit concerning. The national median existing-home price for all housing types was $168,800 in December, which is 1.0 percent below December 2009, and now more than 33% of all homes sold are foreclosures, or short sales.

The long term real estate outlook is closely tied to the economy. Look for slow and steady job growth which will be a leading indicator of the housing market. Unlike in prior decades the economy will save the housing market and not the other way around.

Cincinnati Real Estate: Homeowners Swap Houses in Home Swapping

Alison Moss — Mon, 15 Jun 2009 15:52:18 +0000

House swapping, the practice of exchanging properties is making a resurgence with help from a number of home swapping websites and services. Home owners who are interested in searching for others willing to exchange properties now have a number of resources to use to make their searches more fruitful.

Property owners are using sites such as onlinehousetrading.com , mkhomeswap.com , and besthouseswap.com to identify potential swap partners in the areas they are looking to relocate to. The reach of the Internet is making finding those elusive swap partners easier and faster.

In most cases these swap site require a registration fee that can range from $20 to over $250. Also the idea of a swap can be misleading. In most cases homeowners negotiate sale prices and work with real estate attorneys and mortgage lenders to facilitate property exchanges particularly when there is a difference in value between the properties. House swapping could be a for home owners looking to sell their Cincinnati Real Estate.

Music Videos for Selling Homes

randalcmoss — Mon, 21 Jul 2008 16:57:48 +0000

Our friend in Austin Texas is using all of his social media know how to sell his home. We spoke with David about some of the social media pieces we have used with our clients and he has shared his experiences with us. He sent us a music video over the weekend and we are posting it today. It is a unique take on the virtual tour. If any of our readers just so happen to be in the market for a 3/2 in Austin, Texas please let me know.

Sales Volume in Greater Cincinnati

randalcmoss — Thu, 22 May 2008 20:41:23 +0000

Everyone I know has been asking us “So how is the market doing … really.” The honest answer is that it is not as bad in Cincinnati as other place but of course, we would like it to be better. When we pulled up numbers and took a statistical look at both sale price and units sold the number show a decline, but not the catastrophic drop some other parts of the country have seen.

Hamilton County saw a decrease in sales of 14% (3137 to 2697) in the first five months of 2008 compared to the first five months of 2007. In the same time period sale price fell slightly by 11% ($169,617 to $152,360). The challenging part about these numbers, particularly the sale price is that there are so many bank owned homes being sold now at a fraction of their market value. With fewer overall sold properties, the higher volume of bank sales is having a greater impact on the average sale price in Hamilton County.