Figures produced from Cincinnati Area Board of Realtors show inventory levels are coming down and the absorption rate is 8.5 months for Cincinnati, (around 6 months is considered ideal.) This report also showed that new listings hitting the market per month are decreasing. This is good news. Inventory must be sold and the number of new listings coming on the market MUST both decrease before we will see an increase in the sale prices again.

For the month of June 2009, NRT, the parent company of our local Coldwell Banker West Shell, will sell more homes, (new pending homes,) than they did in June 2008. That is the first time in 4 years that we have done that. Price is down, but unit sales are increasing especially in those markets that began to correct first.

As you know, properly priced listings have been and will be the key to achieving success for the remainder of 2009 and beyond.

If you are thinking of selling your current property please give me a call. Even though your sale price may be less than you hoped you can make it up on the price of the property you purchase. Please contact me and let me show you the graphs and explain what all this can mean to you.