January 2023 Luxury Real Estate Market Report
January was a slower month for home sales. The total luxury homes sold in January was 33 as compared to 61 selling in December 2022. Listings remained flat but as the weather warms up in the Greater Cincinnati area and as mortgage rates stay off of recent highs both buyers and sellers should be back to transact.
Housing Bubble 2.0 Update - Homes in many of the large markets are experiencing a decline compared to the recent highs. This may start to impact real estate in other markets down the line.
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