Thursday, July 5, 2012

Home Sales Continue to outperform in May

Locally we're having a not so bad year...overall.  These numbers we are going to look at represent the whole of the Cincinnati area market.  So overallwe're not doing so badly.  Locally, however, we continue to see small local communities struggling with real estate.  First of all a comment from the Cincinnati Area Board of Realtors:
"May marked the 11th consecutive month where local home sales improved over a year ago. May
sales of 1,901 units -- a 14.17% gain over the same month a year ago -- is the highest number of monthly
sales since June 2010.  Year-to-date sales (Jan. through May) are up 10.31% from a year ago."
That's big picture viewing right there and it's not a bad thing at all.  It shows that we are moving in the right direction, likely spurred on by extremely low interest rates and I expect those rates will hold more or less for a bit longer.
Looking at our stats for Cincinnati Home sales in May of 2012 we get this picture:
We continue to see those "+" signs that EVERYONE loves to see.  It's a slow and steady bout of positive...but we like the steady part!

I do loves me some charts!
So if you are thinking about putting your home on the market - NOW may be a good time to have a professional consultation in regards to how your local market is doing...and how your home would compare to what is currently for sale and sold. Give me a call for more information - I'm glad to help.
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