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Cincinnati and Northern Kentucky Real Estate Blog

January 2015 Cincinnati-Northern Kentucky Real Estate Report

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Cincinnati - Northern Kentucky Real Estate Report January 2015

Want to know what happened during the January 2015 Cincinnati and Northern Kentucky real estate sales period? You have come to the right place. Read on to get the latest statistics and information in the January 2015 Cincinnati-Northern Kentucky Real Estate Report.

Cincinnati, Ohio - Hamilton and Clermont Counties

In January there were 556 homes that closed during the month for Hamilton County and 138 homes that closed for Clermont County.  Homes that went pending in January were 646 for Hamilton and 161 for Clermont County. Pending status means they had an offer accepted and were awaiting closing pending inspections, appraisals, financing etc.

  • The average listing price for homes in the Hamilton County area was $265,044.00 with an average selling price of $167,590.00.
    • Hamilton County homes during the January time frame were on the market (Days on Market) for an average of 107 days.
    • There are currently 3,360 homes available for sale in Hamilton County.
  • The average listing price for homes in the Clermont County area was $212,774.00 with an average selling price of $160,733.00.
    • Clermont County homes during the January time frame were on the market (Days on Market) for an average of 98 days.
    • There are currently 810 homes available for sale in Clermont County.

Northern Kentucky - Boone, Campbell & Kenton Counties

In January there were 81 homes that closed during the month for Boone County,...

How To Price Your Home To Sell

Pricing home for sale

So you've read my blog post on Preparing Your Home to Sell and now you are ready to take the next step.  That next step being how to price your home for sale.  The pricing strategy you take could ensure you a quick home sale or result in your home sitting on the market longer than needed.  A home that sits for too long due to picking the wrong price means you missed out on the peak time for buyer foot traffic.  Ignore that peak season and you may end up having to cut your price much faster and in a greater amount in order to get your house sold after it has been on the market for more than 4-5 months.  To not go down that slow sale road follow these tips and your journey on this path may be less stressful.

Don't Zestimate the price

One of the wrong ways to figure out a price on your home is using a website like Zillow and their Zestimates.  For those of you who don't know, Zillow uses fancy algorithims to determine the price of your home.  Per Wikipedia an algorithm is "...a self-contained step-by-step set of operations to be performed. Algorithms exist that perform calculation, data processing, and automated reasoning."  While Zillow may use a fancy algorithm it is far from being accurate.  The reason for their inaccuracy is that the algorithm does not take account that different types of neighborhoods in close location to one another does not mean their prices are comparable.  For...

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