Over the course of the last month the activity in the real estate market has followed its typical and of the year cycle. The numbers reported show a decrease in the number of showing during the holiday weeks, followed by an increase in the middle of January.
The numbers are actually encouraging showing that there is strong activity in the housing market, and that the end of December numbers are seasonal. As the spring approaches it will continue to be a buyers market as the Cincinnati real estate market rebounds. As the foreclosures rate slows, the inventory in our area will diminish helping to maintain housing prices. Without the abundance of under-priced foreclosures on the market homeowners should see a stabilization of value over the next few years.
Comments(0)