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How long will it take to sell my home?

  This is a common question most seller ask just after wanting to know how much their home is worth.

There is a formula we use to estimate that. It is called Absorption rates.

Absorption rates are a calculation of how long it will take for all the homes on the market to be sold, or absorbed, based on how many homes are on the market and how many were purchased in the last 30 days.

I was never great with numbers until I got into real estate. Now I am getting rather good at it. However, I always rely on Mary Jo to assist me. So here goes.

These are in months, the data used came from the Multiple Listing Service of Greater Cincinnati (MLS) and is deemed reliable but not guaranteed. It doesn't come with a warranty either.

The paper towels are here to help absorb any excess inventory. We may need two rolls with today's market.

Overall the market is remaining very much a buyers market. It is a great time to be a first time buyer. Not only are there great deals in home prices there is the first-time Homebuyer Tax Credit of up to $8,000.00. I will address this in another post.

•  East Hamilton County     2047 listings     1388 solds     8.86 months
• West Hamilton County     2325 listings     1683 solds     8.25 months

                Total for Hamilton County     8.50 months

• Butler County                 2310 listings     1451 solds     9.50 months
• Warren County               1570 listings      815 solds     11.50 months
• Clermont County             1128 listings      716 solds      9.47 months

God Bless You and pray for all of our troops to come home safe and for our Country leaders to make the right choices to help us get through this turmoil.

Did you know I have my license in both states, Ohio & Kentucky?...So Please call me if you need help around the house or maybe to buy a new home. I will gladly say THANK YOU! Gary Rossignol, the Realtor with integrity. 513-777-2402 email Gary@GaryRossignol.com.

Also, My Video Newsletter is loaded with up to date Real Estate News and Advice. Some of its features include: Current Interest Rates, National Real Estate News, Mortgage Advice, Question & Answers. Plus much more. It is "real time" and changes each week.

All I want for Christmas is a new home to live in.

This is a great time to buy regardless of what you keep hearing on TV and radio.

I just spoke to a dear friend of mine and veteran mortgage lender Russell Kling with CountryWide Home Loans. He says the 30 year fixed rate on new purchases with only 5% - 10% down (if you have at least a 670 credit score) is down to 4.90 per cent. WOW!!! now that is incredible.

Is this a great time to buy? You bet it is. So what are you all waiting for? Of course, you are waiting for the rates to start going back up to make your decision. That way you are convinced you got the best rate possible. When the best rate has come and gone. That is when most of you will make the decision to buy.

That is when the home prices will start to go back up to normal also. I suggest...don't wait. Don't look a gift horse in the mouth. Take advantage of the prices and interest rate and go and buy that newer house for Christmas.

Call Russell Kling if you have any questions about getting or qualifying for a mortgage. You can reach Russell at 513-543-7348.

Speaking of Christmas houses.

Here is another of my favorite decorated homes in the neighborhood. 

This home is located on Cox Road. It is very simply decorated with only white lights, but is very attractive. It really tells the story of Christmas. The focal point with this decorated yard is entirely the nativity scene. It is all about the coming of the baby Jesus.

God Bless You and pray for all of our troops to come home safe and for our Country leaders to make the right choices to help us get through this turmoil and Let's keep Christ in Christmas.

Did you know I have my license in both states, Ohio & Kentucky?...So Please call me if you need help around the house or maybe to buy a new home. I will gladly say THANK YOU! Gary Rossignol, the Realtor with integrity. 513-777-2402 email Gary@GaryRossignol.com.

Also, My Video Newsletter is loaded with up to date Real Estate News and Advice. Some of its features include: Current Interest Rates, National Real Estate News, Mortgage Advice, Question & Answers. Plus much more. It is "real time" and changes each week.

Absorption rates for the Greater Cincinnati area

Absorption rates are a calculation of how long it will take for all the homes on the market to be sold, or absorbed, based on how many homes are on the market and how many were purchased in the last 30 days.

I was never great with numbers until I got into real estate. Now I am getting rather good at it. However, I always rely on Mary Jo to assist me. So here goes.

These are in months, the data used came from the Multiple Listing Service of Greater Cincinnati (MLS) and is deemed reliable but not guaranteed.  It doesn't come with a warranty either. 

The shop vac is here to help absorb any excess inventory. 

Overall the local real estate market is looking a little more balanced between a buyers market and a sellers market. 

• Hamilton county     5,733 active listings     789 SOLD     7.26 months
• Butler county         2,789 active listings     281 SOLD     9.925 months 
• Warren county       1,808 active listings     183 SOLD     9.879 months

If you are interested in the actual absorption rate for your neighborhood feel free to call me or Mary Jo. We would be glad to run the formula for you.

God Bless You and pray for our troops.    

Did you know I have my license in both states, Ohio & Kentucky?...So Please call me if you need help around the house or maybe to buy a new home. I will gladly say THANK YOU! Gary Rossignol, the Realtor with integrity. 513-777-2402 email Gary@GaryRossignol.com.

Also, My Video Newsletter is loaded with up to date Real Estate News and Advice. Some of its features include: Current Daily Interest Rates, National Real Estate News, Mortgage Advice, Question & Answers. Plus much more. It is "real time" and changes daily.