| New Listings | 127 |
|
||||
| Back on Market | 18 |
|
||||
| Price Increases | 12 |
|
||||
| Price Reductions | 96 |
|
||||
| Pendings | 74 |
|
||||
| Solds | 97 |
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| Expireds | 29 |
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| Inactives | 32 |
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74 pendings today and I caught many of those as being distressed homes.
Today’s new listing activity was steady again. The stats of the 127 new homes look like this
Avg LP: $168,615
Median LP: $149,900
Our market reported AVG sale price for OCT to be $150,300.00.
Happy Thanksgiving to everyone, enjoy your time spent with Friends a Family!
| New Listings | 133 |
|
||||
| Back on Market | 29 |
|
||||
| Price Increases | 45 |
|
||||
| Price Reductions | 119 |
|
||||
| Pendings | 92 |
|
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| Solds | 140 |
|
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| Expireds | 32 |
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| Inactives | 45 |
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Make note of 140 solds! Recall all the action we had late to mid October 09 and recognize the volume of solds-most of which were Friday.
On the note of action this weekend we did see 92 pendings, nearly a 4 week high. This action has been spurred by an increase of lender owned properties over the course of the past 3 weeks. We have seen a number of homes entering our marketplace that are bank owned since our last discussion in late October.
The numbers for the 116 NEW LISTINGS look like this:
Avg: $181,788.00
Median: $149,990.00
These numbers are showing a higher avg then in months past. This could be a direct result of sellers recognizing it’s time to move up with the tax credit incentive. I want to keep a close on these averages and medians in order to evaluate the inventory TYPE.
The weekends Hot Spots- 9 Fairfield/Fairfield Township, 5 in West Chester and Hillsboro ea., Miami Township with 4
From the desk of Bob Klorer:
FHA rate reach 4.85% today, it is unclear how long a 13 week low will remain at that number.
We reported early in the week that this rate percentage could enter our market place.
As always consult your loan officer to verify these rates are available for you.
HFN
| New Listings | 123 |
|
||||
| Back on Market | 21 |
|
||||
| Price Increases | 5 |
|
||||
| Price Reductions | 108 |
|
||||
| Pendings | 62 |
|
||||
| Solds | 72 |
|
||||
| Expireds | 37 |
|
||||
| Inactives | 28 |
|
||||
Hot Spots today- West Chester with 5, Milford/Miami Township with 3. Several with 2.
Heads up, the financial update coming out this week could be very good, rates sunk to near 4.8% FHA and 4.5% on Conventional with no points- that marks a 12 week low.
| New Listings | 171 |
|
||||
| Back on Market | 30 |
|
||||
| Price Increases | 9 |
|
||||
| Price Reductions | 133 |
|
||||
| Pendings | 85 |
|
||||
| Solds | 96 |
|
||||
| Expireds | 81 |
|
||||
| Inactives | 72 |
|
||||
It may be the norm now that the holidays are so drawing near, under triple digit pendings. We did see 171 new listings, this is a direct result of sellers recognizing the time to move is now. Aggressive buyers and sellers will swamp the market place over the next 45 days.
Todays Hot Spots- Union Township(Clermont County) 5, Anderson and Fairfield with 3 ea.
From the desk of Bob Klorer…
Relatively quiet week in bond market as rates remained literally unchanged for the entire week. The equity market’s continue to rally as the DOW ended today at 10270.00….many feel the stock market has more room to the upside which is a positive with rates remaining at record lows for fixed rate mortgages!
| New Listings | 146 |
|
||||
| Back on Market | 23 |
|
||||
| Price Increases | 7 |
|
||||
| Price Reductions | 116 |
|
||||
| Pendings | 69 |
|
||||
| Solds | 63 |
|
||||
| Expireds | 53 |
|
||||
| Inactives | 41 |
|
||||
Blogging live from Evergreen Colorado today. We are seeing the daily numbers of pendings hover around the 70′s over the course of the past 3 1/2 weeks. These numbers support more normal activity. New Listing nearing 150 today should not be a surprise. Sellers with motivation to move their families and banks releasing distressed owned properties are mounting. They should mount, the next 3 months are more critical for sellers who will be buying once they sell, and the banks realize the opportunity to move their unwanted inventory through the inscentives set forth by Washington. This trend of New Listings in years past may not had been this high, nor was the inscentives.
Hot Spots- Hamilton Towship (Warren County) and Forest Park with 5 ea, Montgomery County 4, Hillsboro, Liberty Township ea with 3.
| New Listings | 129 |
|
||||
| Back on Market | 23 |
|
||||
| Price Increases | 8 |
|
||||
| Price Reductions | 110 |
|
||||
| Pendings | 70 |
|
||||
| Solds | 41 |
|
||||
| Expireds | 37 |
|
||||
| Inactives | 29 |
|
||||
Today’s Hot Spots- West Chester, Fairfield/Fairfield Township, Cheviot and Bridgetown with 4 ea. Anderson with 3. Looking over todays action, large numbers spread out over 5 areas out of 70 pendings today. 37 expireds today vs 33 yesterday.
I am leaving for Colorado tomorrow morning returning late next Thursday. I will monitor the market from Evergreen though.
| New Listings | 132 |
|
||||
| Back on Market | 18 |
|
||||
| Price Increases | 1 |
|
||||
| Price Reductions | 123 |
|
||||
| Pendings | 67 |
|
||||
| Solds | 63 |
|
||||
| Expireds | 33 |
|
||||
| Inactives | 44 |
|
||||
Hot Spots today are- Norwood, Liberty Township, Oxford all with 3 ea. I realize the numbers of pending are down from where they were 30 days ago, however I expect a much busier winter time market. A ripple effect is coming, sellers in the mid level homes and homeowners is the upper bracket will feel that same effect in the months to come.
To my clients stay focused, the field will open up as we move forward into cold weather. Buyers and seller are drafting more seriousness.
