| New Listings | 111 |
|
||||
| Back on Market | 22 |
|
||||
| Price Increases | 4 |
|
||||
| Price Reductions | 109 |
|
||||
| Pendings | 75 |
|
||||
| Solds | 26 |
|
||||
| Expireds | 63 |
|
||||
| Inactives | 22 |
|
||||
New Listings: 111
Avg LP: $166,993
Pendings: 75
Avg LP: $1 77,491
Solds: 26
Avg SP: $112,378
Cincinnati MLS Daily Home Sales Report
Cincinnat MLS Daily Home Sales Report
| New Listings | 123 |
|
||||
| Back on Market | 17 |
|
||||
| Price Increases | 5 |
|
||||
| Price Reductions | 80 |
|
||||
| Pendings | 73 |
|
||||
| Solds | 16 |
|
||||
| Expireds | 21 |
|
||||
| Inactives | 46 |
|
||||
New Listings: 123
Avg LP: $162,884
Pendings: 73
Avg LP: $155,866
Solds: 16
Avg SP: $138,023
Cincinnati MLS Daily Home Sales Report (Weekend Review)
| New Listings | 228 |
|
||||
| Back on Market | 33 |
|
||||
| Price Increases | 5 |
|
||||
| Price Reductions | 144 |
|
||||
| Pendings | 107 |
|
||||
| Solds | 48 |
|
||||
| Expireds | 23 |
|
||||
| Inactives | 32 |
|
||||
New Listings:228
Avg LP: $170,170
Pendings: 107
Avg LP: $205,086
Solds: 48
Avg SP: $135,880
Market Update-Interest Rates
Not a great week for the stock market, however the good news is that on Friday afternoon the market reversed its downward trend and ended back up over 10,000 by the close. This could be a good sign going into Monday’s trading as buyers came back into the market at the end of the day!
The same could be said for the Real Estate market…many first time buyers are now beginning to call again, in order to take advantage of the tax credit program.
Rates continue to stay very low…conventional loans averaging 4.875 to 5.00% and FHA/VA rates averaging 5.00 to 5.125%
I say average as there are so many more components that go into an interest rate today; such as credit score, down payment and loan to value…however no matter what an individual buyer’s situation rates are still at historical lows!
Many are concerned with all of the regulatory changes and that it will take much longer to close a transaction, however you can still close a loan in 3 to 4 weeks (or less) if it is done right and disclosed properly…we just closed a VA loan last month in less than three weeks…so closing times really have not increased like many had thought and predicted.
Have a great weekend!
Cincinnati MLS Daily Home Sales Report
| New Listings | 159 |
|
||||
| Back on Market | 27 |
|
||||
| Price Increases | 6 |
|
||||
| Price Reductions | 108 |
|
||||
| Pendings | 80 |
|
||||
| Solds | 31 |
|
||||
| Expireds | 27 |
|
||||
| Inactives | 36 |
|
||||
New Listings: 159
Avg LP: $205,416
Pendings: 80
Avg LP: $150,164
Solds: 31
Avg SP: $175,021
Changes to HUD homes for buyers-
| HUD BUYER AND BROKER INCENTIVES DISCONTINUED | |
| Effective February 12,2010, any properties listed and/or sold with FHA financing as of this date are no longer eligible for the $100 down payment incentive.
The Sales Allowance of $2500 for owner occupant purchasers will also be discontinued as of February 12, 2010 for all new contracts accepted on or after this date. The $500 broker bonus for owner occupant purchasers who took advantage of the $2500 sales allowance is also discontinued as of February 12, 2010. |
Cincinnati MLS Daily Home Sales Report
| New Listings | 214 |
|
||||
| Back on Market | 18 |
|
||||
| Price Increases | 2 |
|
||||
| Price Reductions | 103 |
|
||||
| Pendings | 97 |
|
||||
| Solds | 39 |
|
||||
| Expireds | 76 |
|
||||
| Inactives | 51 |
|
||||
With 6 more weeks of winter looking at us, I do not believe that is going to slow this market place down. We are now approaching 1 full week of over 90 pendings per day. During our busiest month of 2009 (November for closings, October for Pendings) we had nearly 3 straight weeks of over 100 pendings per day. Our strongest weekend review was 181 pendings purchase contracts.
New Listings: 214
Avg LP: $200,095
Pendings: 97
Avg LP: $172,496-
Solds: 39
Avg SP: $166,729
Cincinnati MLS Daily Home Sales Report (Weekend Review)
| New Listings | 272 |
|
||||
| Back on Market | 35 |
|
||||
| Price Increases | 10 |
|
||||
| Price Reductions | 140 |
|
||||
| Pendings | 144 |
|
||||
| Solds | 111 |
|
||||
| Expireds | 196 |
|
||||
| Inactives | 33 |
|
||||
Before we review the averges for this weekends action, lets just look at the volume. 144 pendings is very at the volume of activity we were having in late October 09. I mentioned last week while we were having 90 and over 100 daily pendings that the action was ramping up. Numbers like this verifies exactly what we have been expecting. This is very good news for our Market Place. Sellers have to realize the opportunity to move forward with their plans.
New Listings: 272
Avg LP: $224,076
Pendings: 144
Avg LP: $158,208
Solds: 111
Avg SP: $179,338- reflects homes that went pending in Late December
