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Hamlton County Market Observations Oct 2013

A few observations about the current Hamilton County market; We have a market that is short on correctly priced homes. If you are thinking of selling, now is the time.

The first half of this year was looking good. Mostly driven by the unusual low supply of houses for sale (Inventory), and slightly better buyer activity. Since July when interest rates increased, Buyer activity is actually less than the same period last year. So it is my opinion the trend in ¬†residential property value remains neutral. A few scatters price points and specific neighborhoods home values are stronger. There are definitely fewer very low-end homes and distressed sales, therefore the “”Average Sales Prices”” are higher, but that’s a reflection of the data pool rather than the average house having a higher value. Builder activity has shot up like a rocket… so the low inventory issue is somewhat being absorbed by new construction. We need a more stable economy with better employment conditions in order to see ¬†predictable single family housing value appreciation across the broad market.¬† -Tracy c317-508-8136

By Tracy Stepp, talktotucker.com/tracy.stepp

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