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March 2022 Greater Cincinnati Luxury Real Estate Market Report

Mortgage rates have bumped up quite a bit and the average mortgage rate as of writing this update is 5%.  Mortgage applications and refinance applications have slowed down as a result.  Inventory in the luxury market remains unchanged from last month but the median price is down a bit along with the days on market.  As interest rates remain higher than a few months ago and even increase further compared to today's rate more buyers will pause their goal of buying a home or start to shop for homes priced at a lower point.

March 2022 Greater Cincinnati Luxury Real Estate Market Report

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