08/15/2024
Check this out!
CincyMLS Residential Active Inventory Numbers for 8/2/2024 = 2717.
When factoring in just the 4 counties (Hamilton, Butler, Clermont & Warren) Active Inventory for 8/2/2024 = 2250. July home sales for just the 4 counties = 1710, representing about a 5 week supply of inventory.
COMMENTARY: Inventory growth and supply still remain stagnant, but demand has also slightly cooled. Homes that hit the market minty clean, prepared, freshened, stylized, priced correctly, and 100% "market ready" are still apt to get attention and even multiple offers. By contrast, homes that are quirky, that suffer from unchangeable objections (busy road, undesirable lot), or homes that simply show poorly, are once again experiencing market-time upwards of 1-2 months, price reductions, cancelations, and regular pleas from good agents, asking sellers to consider price-adjustments and to exert more effort into market prep.
LESSON: The importance of presenting a turn-key, minty-fresh home, that is also priced appropriately (dare I say "aggressively?"), with proper agent-representation and impressive marketing, is KEY in selling a home for top-dollar in today's market climate!
ACTIVE INVENTORY (ALL of CincyMLS):
August 2, 2024 = 2717
August, 2023 = ? (Rapattoni Cyber Attack)
August, 2022 = 2259
August, 2021 = 2361
August, 2020 = 2409
August, 2019 = 4630
August, 2018 = 5423
JULY SALES (4 COUNTIES ONLY)
July, 2024 = 1710
July, 2023 = 1695
July, 2022 = 2011
July, 2021 = 2283
July, 2020 = 2564
July, 2019 = 2270
July, 2018 = 2308
-Anne Hawkins
