Cincinnati Market Report for September 2021
The Cincinnati housing market continues to sustain a strong demand with low inventory numbers and high sales prices, but are we beginning to see a shift? “While the numbers are higher than in past years, the data trends are beginning to fall in line with the seasonal trends we typically see year after year,” says Stephanie Sudbrack-Busam, President of the Cincinnati Area Board of REALTORS®. “Changing interest rates could be a big factor in how the market changes over the next few months.”
CABR Affiliate Committee Member, Phil Forbes the SVP of Mortgage Lending at Guaranteed Rate, said, “The 2.875% interest rates are the best we had seen in years, but those who were able to secure that rate were locked into a contract between August 7th and September 7th. These are the closings that you are seeing take place in September.” “Since the Federal Reserve announced that they were going to begin buying less mortgage-backed securities in September, we have already begun to see interest rates rise. We will begin to see the effect this has on the Cincinnati housing market in the October housing statistics,” says Forbes.
Hear what a few of our clients are saying about buying and selling in the challenging market of 2021 with Kopf Hunter Haas Realtors:
"Right from the start, Heather was transparent, engaged, and truly wanting to help us to not only find our perfect home, but to get the best price possible when we sold our old home. In the buying process, she never pressured us and always gave her honest feedback on the homes we saw all while educating us on things to look for, both good and bad. During the selling process, she gave us her suggestions in terms of what we could expect to get for the house with and without doing repairs, which she left to our discretion. We took her advice on the repairs needed to get the best price and received over 10 offers within 2 days of listing! Heather's knowledge of the industry and genuine interest in helping us make the best decisions for our family make her the perfect realtor to work with and we will continue to recommend her and her team to anyone looking for a great experience!" - Elizabeth and Justin | Buyer and Seller
"Buying a home is incredibly stressful, no matter the market conditions. We bought a house in a super competitive market, owned two homes for a few months, and then sold our home with multiple offers. Jason and Liz were there for us every step of the way. They had relationships with movers, inspectors, mortgage brokers, everyone we needed. They were available by text or in person for anything, even a pep talk after dinner on the floor of our freshly painted, empty home after one more thing went wrong. If there was a way to keep us sane during the home buying and selling process, Liz and Jason did it. I have recommended them to my mother and to any friend who will listen! As long as they are an option, I'll buy and sell every house with them the rest of my life!" - Sarah |Buyer and Seller
"Appreciated a cool head in emotional decisions. Pete has been very helpful in walking us through the process from start to finish. I don't think we could have done better on either the buy or sell. We are extremely happy!" - Cynthia | Buyer and Seller
"We were overwhelmed just thinking about selling our family vacation home that my mother owned for 32 years. That all changed when we met Steve and Meg Casper. We felt like they were family members helping us through every detail and went above and beyond to offer to move items, research replacement windows, and anything else we needed. We live out of town so having them located within the resort community was even more helpful since they knew the area, the park HOA rules and were available at a moments notice to be at the condo. They even welcomed us into their home for the closing since all parties were from out of town. I have already recommended them several times and would do so again! My extended family is grateful for the service provided by Team Casper." - Kathryn | SellerReturn to Blog