Spring 2017 is upon us in Southwest Ohio despite the 70+ degree weather and clear blue skies making us think Summer arrived early. Also surprisingly, we are definitely experiencing a Southwest Ohio real estate seller's market. According to statistics, 2016 was simply the best real estate market in Ohio since 2006. The strong real estate market is continuing in Southwest Ohio in 2017. In Greene, Hamilton, Montgomery, and Warren counties there are 2,107 single family homes currently on the market according to DABR. The inventory is less than usual in the Spring, so expect home prices to continue to rise in the Southwest Ohio market, but mortgage interest rates are remaining low at this time.
Both experienced agents and informed sellers realize the real estate market usually ramps up in activity levels in the late Spring, so it's presumed many sellers will wait for the more active Spring and Summer markets before making their homes available for sale. Any questions or comments on the local real estate market, contact Christina directly!