After a brief pause in the real estate market in late 2022, following a series of interest rate hikes, buyers are back in force this spring. What you need to know buying or selling a home.
When it comes to real estate, the old adage of location, location, location, holds true. But it's also true that timing is everything when it comes to home sales.
Spring is traditionally the busiest selling season in real estate markets across the country as home buyers make purchases to settle in a new school district or make a move during the summer season. In Cincinnati, the spring market is roaring back after a sleepy fall season, said Scott Oyler, an agent with the Coldwell Banker Realty Hyde Park office.Homes in the median price range of $270,000 in the Cincinnati metro area in good condition are drawing the most traction, he said. The market slowed for a bit in the fall with mortgage interest rates peaking at the 7% range in November, but buyers have realized that prices are not dropping.
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