November 2021 Greater Cincinnati Luxury Real Estate Report
Inflation is starting to take a bigger bite out of the consumer spending. While luxury homes are less likely to be impacted due to demographics, the Federal Reserve will be forced to raise interest rates in order to dampen inflation. The higher interest rates eventually work their way into mortgage rates which will then cause buyers to pause their real estate purchases or to look for something cheaper. In Cincinnati, luxury homes sold during the month of November remained consistent with October 2021 numbers with the main notable difference of the median price being higher..
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