When planning a move, a newly built home might not be the first thing that comes to mind. However, with more homes for sale in the Greater Cincinnati, Northern Kentucky, and Southeast Indiana areas—including brand-new options—and builders focusing on smaller, more affordable designs, these new builds may be the key to achieving your real estate goals.
Here’s why a newly built home could be the perfect fit for you—and how an agent can help if you’re thinking, “I want to sell my house and move into something new.”
First, let’s break down the types of homes for sale today. A newly built home is either under construction or just completed, while an existing home is one that’s been previously lived in.
Currently, the inventory of existing homes for sale remains low. If you’re finding it hard to locate the right fit, expanding your search to include new builds can significantly increase your options. Right now, newly built homes represent a larger share of the market than in previous years, accounting for 28.8% of all inventory (see graph below):
From 1983 to 2019, newly built homes made up only 13% of the total inventory. Today, thanks to increased construction activity, they now represent nearly one-third of all homes on the market.
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“Even though existing home sales have been stuck at low levels, newly constructed home sales look to mark one of their best annual performances in 15 years. The new home inventory has been consistently rising with homebuilders getting active, making up around 1/3 of total inventory.”
Builders are addressing the demand created by years of underbuilding. While demand for homes remains high, the growing availability of new builds offers more opportunities for buyers in the real estate market.
Still wondering if a new build fits your budget? The good news is that the average cost of newly built homes has actually decreased compared to a year ago.
Why is this happening? Builders are focusing on affordability by designing smaller homes with lower price points, making them more accessible to today’s buyers. As Realtor.com notes:
“Builders are increasingly bringing smaller, more affordable homes to the market, so buyers may find more newly built homes that fit their budget.”
Keep in mind that buying a newly built home is different from purchasing an existing property. Builder contracts often have unique terms, so partnering with a local real estate expert who understands these nuances is essential.
If you’re searching for homes for sale in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, a new build might be the ideal opportunity to achieve your goals. Whether you’re exploring new homes or thinking, “I’m ready to sell my house,” a knowledgeable real estate agent can guide you through the process and help you find the perfect fit for your needs and budget.
Moving to a more affordable area could be the fresh start you need to get ahead financially. Whether you’re exploring homes for sale or looking to sell my house in search of a more budget-friendly lifestyle, working with a trusted real estate agent is your best plan. They can help you find a home that fits your budget and desired location in Greater Cincinnati, Northern Kentucky, or Southeast Indiana.
With the rising cost of living, many people are reevaluating where they live to cut expenses. If you’re considering a change, here’s a great place to start (see visual below):
These states are known for lower housing costs, reduced insurance premiums, and more affordable daily living expenses. However, they aren’t the only places to find a hidden gem. Relocating to a different area could help you discover significant savings.
Life feels more expensive every day, from increasing home prices to higher grocery bills. Housing, the largest expense for most people, has seen a sharp rise.
For many, these rising costs feel overwhelming. That’s why lower-cost areas are attracting attention. According to the National Association of Realtors (NAR):
“With the past decade of rising home prices, buyers are looking for more affordable areas . . . As housing affordability continues to shape migration patterns, these areas may provide an opportunity . . . for those looking for more cost-effective alternatives to the nation’s larger, pricier metropolitan areas.”
Lower-cost areas offer affordable housing, reduced home insurance premiums, and lower daily living expenses, such as groceries and transportation. If you’re feeling stretched financially, moving to a more affordable location could bring much-needed relief.
Whether your goal is to sell my house or find a new home in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, making the right move requires careful planning.
Here’s what to consider:
A knowledgeable local real estate agent can guide you through this process. They’ll help you navigate housing markets in more affordable areas and find neighborhoods that meet your needs without stretching your budget.
If none of the commonly listed states appeal to you, don’t worry. A trusted agent can help identify hidden gems in other locations, ensuring you find the perfect fit.
If rising costs have you feeling stuck, relocating to a more affordable area could be the financial reset you need. Explore homes for sale in Greater Cincinnati, Northern Kentucky, or Southeast Indiana to take the first step toward a better quality of life.
Don’t go it alone—partner with an experienced real estate agent who knows the area. They’ll help you make a seamless move and find a home that suits your needs and budget. Ready to start? Contact a local agent today!
Are you wondering if home prices are about to crash? Believe it or not, some people are hoping for this so they can finally buy a more affordable home. However, experts agree that’s not likely to happen – and here’s why.
The demand for homes far outweighs the supply. That imbalance is what continues to drive prices upward.
Let’s explore why, on a national level, home prices aren’t expected to drop anytime soon – and what this means for the Greater Cincinnati, Northern Kentucky, and Southeast Indiana real estate markets.
The housing market functions like any other: when demand is high and supply is low, prices go up.
According to recent estimates, the U.S. faces a housing shortfall of several million homes. In other words, there are far more people searching for homes for sale than there are houses available to purchase. This significant mismatch in supply and demand is the main reason home prices are unlikely to fall.
As David Childers, President of Keeping Current Matters, explains:
“The main driving force on pricing is the limited amount of inventory in most markets across the country. That issue is not going to be solved overnight or in the next twelve months.”
For over 15 years, homebuilders have been unable to keep up with buyer demand. After the 2008 housing crisis, construction slowed dramatically and has only recently begun to recover (see graph below):
Even as new construction increases, builders are playing catch-up. According to AmericanProgress.org, the current pace of construction isn’t enough to meet today’s demand – let alone address years of underbuilding.
With this ongoing housing shortage, home prices are expected to remain steady or increase in most regions, including Greater Cincinnati, Northern Kentucky, and Southeast Indiana.
Most experts predict home prices will continue to rise next year, but at a slower and healthier rate (see graph below):
Keep in mind, however, that home prices vary by market. While national trends are important, your local market’s inventory and demand will ultimately determine whether prices grow slowly, stay steady, or decline slightly.
In areas like Greater Cincinnati, Northern Kentucky, and Southeast Indiana, where inventory remains tight, prices are likely to keep climbing. That’s why it’s essential to work with a local real estate professional who understands these markets and can guide you effectively.
If you’re wondering when prices will drop, it all comes down to supply and demand. Limited inventory continues to keep home prices steady or rising in most areas.
Whether you’re looking to purchase a home or thinking, “How can I sell my house in this market?” connecting with a local real estate expert is key. They can help you understand what’s happening in Greater Cincinnati, Northern Kentucky, and Southeast Indiana and create a plan that fits your goals.
Selling your house on your own – commonly known as “For Sale by Owner” or FSBO – might seem appealing. But you should know that it can get complicated very quickly, especially in today’s dynamic real estate market in Greater Cincinnati, Northern Kentucky, and Southeast Indiana.
That’s why data from the National Association of Realtors (NAR) shows a record-low number of homeowners are choosing to go the FSBO route. Instead, more homeowners are opting to work with a real estate professional (see graph below):
Here’s why partnering with a real estate agent is the preferred choice. Selling a house is a significant undertaking, and while FSBO might seem like a way to save time or money, it often leads to more challenges than expected.
The process involves setting the right price, navigating increasing amounts of legal paperwork, and crafting a strategic plan to attract buyers. Taking it all on yourself can be overwhelming.
Let’s dive into two key reasons why working with an experienced agent can make all the difference when you want to sell your house in Greater Cincinnati, Northern Kentucky, or Southeast Indiana.
One of the biggest hurdles when putting your house up for sale is determining the right price. This isn’t just about choosing a number that feels right; it’s about hitting the sweet spot. Overpricing can deter potential buyers, while underpricing might leave money on the table or raise questions about your property.
Real estate agents are experts in pricing homes for sale based on current market conditions. As Zillow puts it:
“Agents are pros when it comes to pricing properties and have their finger on the pulse of your local market. They understand current buying trends and can provide insight into how your home compares to others for sale nearby.”
With their understanding of buyer behavior and detailed market knowledge, an agent ensures your home is priced competitively to attract serious buyers. That carefully calculated price lays the foundation for selling your home for top dollar.
Selling a house means dealing with a mountain of paperwork, including disclosure forms, contracts, and more. Each document must be filled out accurately and comply with legal standards, which can feel daunting for homeowners unfamiliar with the process.
This is where a real estate agent’s expertise is invaluable. Agents have extensive experience managing these documents and are well-versed in legal requirements. They’ll guide you through the process step by step, ensuring all paperwork is handled correctly. With their help, you can avoid unnecessary stress, costly errors, or potential legal complications.
Selling your house – whether in Greater Cincinnati, Northern Kentucky, or Southeast Indiana – is a major decision. Having a trusted real estate agent by your side ensures a smooth process, from setting the right price to managing the details.
Connect with a local real estate expert to take the guesswork out of the process and sell with confidence. Whether you’re searching for homes for sale or ready to sell your house, working with a professional makes all the difference.
With current mortgage rates and home prices, you might wonder if it’s still a good idea to buy a home. While market trends are crucial, the bigger picture includes the long-term benefits of homeownership. Whether you’re searching for homes for sale or considering selling your house, here’s why buying a home in Greater Cincinnati, Northern Kentucky, or Southeast Indiana could be a smart move.
Think about people who purchased homes 5, 10, or even 30 years ago. It’s rare to find someone who regrets buying because home values tend to grow over time. This consistent appreciation boosts a homeowner’s net worth, making real estate a powerful wealth-building tool.
The map below, based on Federal Housing Finance Agency (FHFA) data, illustrates home price growth over the last five years.
Nationally, home prices have surged over 57% during this period, with regional variations showcasing market-specific trends.
Zooming out further, the second map shows a 30-year view of home price appreciation:
Over three decades, home prices have increased by more than 320% on average. For homeowners who bought their houses around 30 years ago, that often means their homes have tripled in value. These significant gains explain why so many long-term homeowners celebrate their decision to buy.
The real estate market is undeniably complex right now. But if you’re ready and able to buy, now is still a great time to take advantage of the long-term wealth-building opportunities of homeownership.
Whether you’re looking for homes for sale in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, or thinking, “How can I sell my house?” connecting with a trusted real estate professional is the first step.
Bottom Line
Despite challenges in today’s market, buying a home remains a sound investment for your future. Let’s discuss how you can make your move happen today!
When Will Mortgage Rates Come Down? Insights for Homebuyers and Sellers in Greater Cincinnati, Northern Kentucky, and Southeast Indiana
One of the top questions on everyone’s mind right now is: when will mortgage rates come down? After years of rising rates and fluctuations throughout 2024, many are looking for clarity and relief in the housing market.
While predicting exact movements is challenging, experts offer insights into what we might expect heading into next year. Let’s explore the latest forecasts and their implications for anyone considering homes for sale or planning to sell my house in the Greater Cincinnati, Northern Kentucky, and Southeast Indiana regions.
After a period of uncertainty, recent projections suggest mortgage rates could stabilize and ease compared to their current levels (see graph below):
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“While mortgage rates remain elevated, they are expected to stabilize.”
The timing and pace of rate changes depend on several critical factors. Here’s what could impact mortgage rates as you consider real estate decisions:
Remember, these forecasts are subject to change as new economic data emerges. Trying to time the market perfectly isn’t practical, but you can take steps now to prepare for homeownership or your next move.
Whether you’re buying a home or planning to sell, focus on what’s within your control:
If you’re planning a move or preparing to list your home, staying informed about mortgage rates is crucial. The housing market in Greater Cincinnati, Northern Kentucky, and Southeast Indiana offers excellent opportunities whether you’re exploring homes for sale or ready to sell my house. Contact a local expert today to guide you through your next steps in real estate.
Why Winter Might Be the Best Time to Sell Your Home
When it comes to putting your house on the market, many assume spring is the ideal season. While it’s true that buyer demand typically rises during spring, here’s the catch: so does your competition. Many homeowners list their properties at the same time, which can make it harder for your home to stand out.
Selling your house in the cooler months can give you a significant edge. Historically, the number of homes for sale drops during fall and winter, giving buyers fewer options.
Take a look at this data from the National Association of Realtors (NAR):
This pattern shows that inventory dips during winter and then spikes as spring approaches. By listing your home now, you can avoid the rush and capitalize on the lower competition. Even though inventory is higher than in past winters, this season still offers a sweet spot to stand out in the real estate market across Greater Cincinnati, Northern Kentucky, and Southeast Indiana.
Why wait for the spring wave of new listings when you can get ahead now?
Another reason to list your house in winter? Serious buyers.
During colder months, casual buyers often delay their search to focus on holiday activities or avoid dealing with weather. However, buyers who are house-hunting now are motivated—whether it’s for a job relocation, a lease ending, or other time-sensitive needs. These buyers are ready to make offers.
As Investopedia points out:
“If your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy.”
If you’re thinking, “Should I sell my house now or wait until spring?” consider this: lower competition and more motivated buyers mean winter is a great time to sell. Whether you’re listing your home in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, partnering with a local real estate agent can help you get started on selling your home this season.
Don’t wait for spring—get ahead of the curve today!
Keywords used: homes for sale, sell my house, real estate, Greater Cincinnati, Northern Kentucky, Southeast Indiana.
A recent study by the National Association of Realtors (NAR) reveals that most sellers (61%) complete at least minor repairs before selling their homes. However, life doesn’t always allow for those updates, which is why 39% of sellers opt to sell their houses as-is instead (see chart below):
If you’re feeling overwhelmed because you lack the time, budget, or resources for repairs, you might also be considering selling your home as-is. Before you make that decision, here’s what you need to know.
Selling a home as-is means you won’t make any repairs before the sale or negotiate fixes after the buyer’s inspection. Essentially, what buyers see is what they get.
For sellers in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, this can be a relief if you’re tight on time or money. But selling as-is comes with trade-offs. Here’s a quick breakdown of the pros and cons:
While updated homes often sell for more because buyers pay a premium for move-in-ready properties, selling your house as-is could lead to:
That doesn’t mean your house won’t sell—it just might sell for less than it would if repairs or updates were made.
Today’s market presents opportunities for sellers, even with as-is properties. According to a recent survey, 56% of buyers are open to purchasing a home that needs work. With affordability being a challenge and housing inventory still below normal levels, many buyers are willing to take on renovation projects themselves.
Whether you’re selling as-is or making updates, a local real estate expert is your best ally. An experienced agent can:
Selling a house as-is is a viable option, especially if you’re short on time or resources. However, it’s important to weigh the potential trade-offs carefully. If you’re thinking, How do I sell my house in today’s market?, connect with a local real estate professional who can guide you in making the best decision for your move.
For homes for sale or to sell your house in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, working with an expert ensures you get the best outcome.
© 2022 Coldwell Banker Realty
©2022 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
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