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ATTENTION HOME SELLERS NEEDED
Dated: April 22 2016
Low interest rates and still cautious, but more confident buyers than before have driven the BIGGEST trend in the region’s housing market over the last year. Even so, more demand for homes in the Northern Kentucky market hasn’t necessarily been matched by more supply, leading to the year’s other biggest trend in housing. LOW inventory!
Increased amount of buyers, usually that speaks very loudly for buyers, but the problem we’ve had is VERY LOW inventory. With the inventory so low, the competition for homes is VERY HIGH!
We’re continuing to experience a return to a more traditional marketplace in activity occurring in the short term due to shifting market conditions. The other major issue we are dealing with are preparedness of buyers. More house hunters had their financing in place before looking, a necessity in the changing market.
The average days on market for a listing, they vary in different areas. If you’re looking in a hot area and you don’t have your pre-qualifications set up, I can guarantee it’s going to be GONE before you’re ready to even write a contract.
Start your home search NOW!
|Featured properties may not be listed by the office/agent presenting this brochure. Information has not been verified, is not guaranteed and is subject to change. The data relating to real estate for sale on this report comes in part from the Internet Data Exchange program of Northern Kentucky MLS.|
At Regional Realty, we are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Wendie Neely is licensed in both Kentucky and Ohio. Her background includes several years as a Real Estate Appraiser placing her in a unique position to help Buyers and Sellers understand property val....