Why You Should List Your Cincinnati Home For Sale In April
Why You Should List Your Cincinnati Home For Sale In April
When is the Best Time to List Your Home in Cincinnati?
As a seller, you want a real estate market that has minimal competition, robust buyer demand, strong prices and lightening-fast sales. Realtor.com studied the last three years in Cincinnati and found that April is the ideal time to list your home, because all of these factors are at their peak. Often, people incorrectly believe that June is the best time to list. However, due to stronger competition by June, you are less likely to sell as quickly and for as strong of a price, as your competitors cut prices around you. We are seeing low inventory levels throughout Cincinnati right now... just click here to take a look at how few properties were recently listed (compared to what we will see later in June). Let's dig in further...
April Stats Forecast for Cincinnati Real Estate Market
In fact, Realtor.com found that in Cincinnati, the closer you list to the beginning of April, the faster you will sell and the better the price you will get for your home. The following stats compare homes that were listed in April versus the rest of the year (over the last three years in Cincinnati):
14.7% higher listing price in April versus the start of the year
11.7% more views per property
1.5% fewer price reductions
7.3% fewer days on the market
8.2% fewer active listings
Here is a chart showing Realtor.com's "Best Time to List" score for every week in 2019:
For data hounds (like myself!), Realtor.com calculated their weekly "Best Time to List" scores "as a composite of median listing price, days on market, views per property on realtor.com, the rate of price reductions, and number of active listings." The data was collected from January 2016 through December 2018.
What Does This Mean for You as a Seller?
The market is FULL of buyers anxious to buy a home, while the number of available properties on the market are limited. This is why we are seeing so many properties under contract within hours of being listed in our current Cincinnati market. Yesterday, for example, I showed a brand new (same-day) listing to a client, and by later in the afternoon, when she wanted to make an offer, it was already pending.
Let's take a look at an example of a $300,000 home to show you exactly what the stats above mean. With 14.7% higher listing prices in April, this could mean $44,100 extra tacked onto your listing price. With fewer homes listed on the market yet, you have a higher chance of getting closer to your asking price, while avoiding price cuts.
If you are debating when to list your home in Cincinnati, all data points to listing as soon as possible, for the strongest prices and shortest time on the market (and the least stress for you!).
Questions, comments, suggestions are always welcome! Feel free to call or text me at 513-900-0303 or e-mail me at email@example.com
A word from Chris Russell, CEO of Plum Tree Realty:
"One of my greatest passions is to use our real estate business to help alleviate suffering in this world. So we take proceeds from Plum Tree to help orphans, feed the hungry, heal the sick and hurting, and to aid the homeless ... both in the States and abroad. We are not about "getting rich." We are about making a difference. So when you do business with Plum Tree Realty, you can know that a portion of your money is going toward helping those on this planet who are in need of help. Together we can make a difference!"
To help people realize their dreams in home ownership and real estate investing through the highest levels of broker services at the most affordable prices available.
Our Core Values:
Integrity in every relationship, decision, and transaction.
Truth in word and deed.
Hard work that keeps us ahead of the competition.
Sacrifice of our own interests for the gain of our clients.
Commitment to excellence in every task we perform.
Respect for all people.
Giving to those with whom we work.
Areas of Expertise:
Residential Real Estate Sales and Purchase
Commercial Real Estate Sales, Purchase and Leasing
Real Estate Investing (buying, selling, holding, rehabbing)
Property Management and Leasing
Putting it Together
Plum Tree Realty is a premier real estate marketing company focused on helping buyers and sellers get the highest level of real estate services. We help home owners, for instance, who have homes for sale in Mason, Ohio to price their homes in a competitive way since the market is growing in such a fast rate in that area. When a buyer is looking for West Chester, Ohio real estate for sale, we can guide them to the very best deals that are available, and we can give them expert advice as they make such a huge purchase. We cover all of the major real estate markets of the Greater Cincinnati including the following hot markets:
Cincinnati, OH Real Estate (homes for sale)
West Chester, OH Real Estate (homes for sale)
Madeira, OH Real Estate (homes for sale)
Monroe, OH Real Estate (homes for sale)
Indian Hill, OH Real Estate (homes for sale)
Hyde Park, OH Real Estate (homes for sale)
Blue Ash, OH Real Estate (homes for sale)
Lebanon, OH Real Estate (homes for sale)
Loveland, OH Real Estate (homes for sale)
Fairfield, OH Real Estate (homes for sale)
Hamilton, OH Real Estate (homes for sale)
Liberty Township, OH Real Estate (homes for sale)
Kenwood, OH Real Estate (homes for sale)
Mount Adams, OH Real Estate (homes for sale)
While some people search for homes according to the suburb names, others are very interested in the top school districts in the area such as homes for sale in Mason School District, homes for sale in the Lakota School District, homes for sale in the Wyoming school district, homes for sale in the Sycamore school district, homes for sale in the Monroe School District, and more. Our agents are highly-skilled in placing families in the best school districts in Cincinnati according to the desires of each family involved.
Of course, we also have great skill in helping buyers and investors find foreclosures, short sales, bank owned homes, and other great investment properties in the Greater Cincinnati Metro Area as well. Many of our agents are investors themselves, so they are great at helping other investors be the first one to the "golden egg."
We also have agents who specialize in helping families who are relocating to Cincinnati, Mason, West Chester, Blue Ash, Madeira, and any of the other regions in Southwest Ohio. It's great to have "feet on the ground" when you are looking to make such a move.
Plum Tree Realty has also become quite a favorite company for those who like to try to sell their home as a For Sale By Owner in Cincinnati as well. The reason for this is that we offer a $500 flat-fee listing to home owners who would like to sell as a FSBO, but they would also like to have a presence on the Cincinnati MLS search for homes for sale. Most FSBOs miss that exposure, but for just $500, we can help them get listed on the Cincinnati MLS and find buyers at the speed of ... the internet!
While most brokerages feel they have the best agents in Cincinnati, we truly believe that we are at the top. Many larger companies like Sibcy Cline, Remax (RE/MAX), Coldwell Banker West Shell, Comey & Shepherd, and others are at a size that makes it difficult for them to react to the markets and changing times at a great speed. Since Plum Tree is smaller, we are able to respond to market conditions rapidly and efficiently which gives us a disting market advantage. Remember: "It's not the big who eat the small; it's the FAST who eat the SLOW!"
The Junk Drawer by Stacey Hawkins | Plum Tree Realty | Dayton, OHIf yo
"We have purchased 2 homes with Plum Tree Realty. We initially found Chris Russell prior to having even visited Cincinnati. He sent us many MLS's and we found our home while on our pre-move vacation in Japan. I probably looked at 15 or 20 houses with Chris on a few occasions. He coordinated the viewings well. He knew about the neighborhoods and which ones were being updated and selling for more. He gave me space to form my own opinion about the house, but if I specifically asked, he would lend his expertise. As first-time home buyers, we were very uneasy about the process. We would ask a ton of questions just to truly understand. Chris was very patient with that. He helped us through the negotiation process and helped explain the titling process when it overlapped with the deal. We closed in record time! We found the house and negotiated the deal within a week of moving to the area and were moving in 5 weeks later. When we went to buy our first rental property, I reached out to Chris and he referred me to one of his realtors who took great care of us. I don't doubt that the rest of the Plum Tree team has just as much integrity and professionalism as Chris and Mike."