Cincinnati Homes for Sale (Daily Activity Report)

24-Hour Market Watch
New Listings 255  
Back on Market 33  
Price Increases 11  
Price Reductions 163  
Pendings 98  
Solds 72  
Expireds 49  
Inactives 43  

New Listings: 256 

Avg LP: $176,326

Pendings: 98

Avg LP: $171,246

Solds: 72

Avg SP: $156,156

A very interesting week from a MLS stats perspective. We did see 4 out the 5 week days produce triple digit pending contracts from buyer to seller. A building trend in that direction will be a welcomed sign to sellers in the current market place. I fully anticipate the volume of pending activity to grow between now and April 30th. The highest volume of home owners positioning themselves to sell, should be taking place currently. Position builds leverage for todays seller and leverage against your competition is most valuable asset a homeowner can posses in todays real estate market. Waiting to deep into April could create a disadvantage to homeowners, they could be positioning themselves for buyers that have already found a home. It takes 1 buyer to allow sellers to move on with their plans, and that 1 buyer can missed if leverage is not created.

Published in: on March 6, 2010 at 17:11  Leave a Comment  

Market Update-Finacials Interest Rates

 

Mortgage rates continue to average 5.00% on a very consistent basis for 30 year fixed rate mortgages.   The rate always subject to credit score and loan to value, however we have been able to lock customers under 5.00% in recent days!
 
Stock market rally as of late has not reflected negatively in rates…
 
Adjustable rates are starting to look much more attractive, especially 5 year ARMS for both conventional and government loan programs with rates in the 3.75 to 3.875% range.
 
Also, 10 year fixed (30 year amortization) rates averaging 4.625% with no points.
 
We are starting to see more flexible rate and terms with other products.
 
Have a great weekend!

Published in: on March 6, 2010 at 16:31  Leave a Comment  
Tags: , , , , ,