October 2021 Greater Cincinnati Luxury Real Estate Report
There are some signs of a slowdown in the Greater Cincinnati luxury real estate market as compared to September 2021. Median price has decreased and the average days on market has increased. Some slow down is to be expected as we head into the winter months. Mortgage rates have also ticked up slightly which can account for some of the slowdown. As the economy continues to go through it's post-pandemic motions how things shape out remain to be seen.
Rising Mortgages and Home Sales - Year over year existing home sales have fallen as the pandemic frenzy appears to have tapered some. The question though is this transitory?