Selling your home in Liberty Twp. Ohio

As you can see there is a bit of a difference in the market this year versus years past. Yes, the number of listings sold is still going down, but notice the dollar volume. It is rising.

So based on this data, the average price of home selling, has risen over $18,000 in the Cincinnati Ohio market. It could be, that less "distressed homes" are selling.

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As we can see from this chart, the Absorption Rate started out high at the beginning of the year, but has dropped dramatically in March to 8.6. The Absorption Rate indicates the amount of homes on the market, the inventory. This tells us the "Months Worth" of inventory on the market based on the past performance of the market. In this case, we see that there is 8.6 months worth of Inventory on the market in the Cincinnati MLS. As you see, depending on the area, between 4.5 - 6 is believed to be a "Balanced" market. Anything above, a Buyers Market, below, a Sellers Market.

If you have any questions on the impact of these trends, or would like to know the Absorption Rate specific for your home and area, simply give Scott Baker a call at 513-403-5323.