Market Monday 2/17/25
Welcome to this week's Market Monday, your go-to source for the latest insights into Cincinnati's real estate market. Stay informed with key trends, updates, and expert analysis!
Happy President's Day!
To honor our presidents, let's take a look at what type of property they would be looking for today.
🏡 Cincinnati New Home Scene
The Cincinnati housing market is experiencing a surge in new construction, offering a variety of options for prospective homeowners. Click the link below to check out some of the new builds.
Click here to see New Construction in the Greater Cincinnati Area
Cincinnati boast many exceptional builders, however, if you're considering building a home, it's essential to work with a realtor who will represent your best interests. Remember, the builder’s sales representatives work for the builder—not you. Having a knowledgeable real estate professional by your side ensures you have someone who understands the industry, negotiates on your behalf, and will look out for your investment every step of the way.
Price Range: New construction homes in Cincinnati cater to various budgets:
Examples:
A 3-bedroom, 2-bathroom home listed at $275,000.
Luxury properties exceeding $1 million, such as a 5-bedroom, 4-bathroom home priced at $1,350,000.
Locations: New developments are spread throughout Cincinnati, with notable activity in:
Oakley: Hosting the 2025 HOMEARAMA at Foundry Park, showcasing custom homes by leading builders.
Hyde Park and Mount Lookout: Known for luxury builds with modern designs.
Suburban Areas: Communities in Mason, West Chester, and Anderson Township offer a mix of single-family homes and townhouses.
Styles: Cincinnati's new homes feature diverse architectural styles, including:
Craftsman and Cottage: Emphasizing handcrafted details and cozy aesthetics.
Farmhouse: Blending rustic charm with modern amenities.
Contemporary Designs: Incorporating open floor plans, large windows, and sleek finishes.
These developments reflect Cincinnati's dynamic housing market, accommodating a wide range of preferences and budgets.
💡 Buyer and Seller Tip of the Week
For Buyers: Secure Financing Early
Obtaining a mortgage pre-approval not only clarifies your budget but also strengthens your offer in a competitive market. With current 30-year fixed mortgage rates averaging 6.625% and 15-year fixed rates at 5.750%, locking in a rate now could be advantageous.
For Sellers: Enhance Curb Appeal
First impressions matter. Simple enhancements like fresh landscaping, a new front door, or updated exterior lighting can significantly boost your home's attractiveness to potential buyers.
🏘️ Neighborhood Spotlight: Oakley
Oakley stands out as one of Cincinnati's most sought-after neighborhoods.
Median Home Price: $274,900 as of November 2024, with a 3.8% year-over-year increase.
Attractions: Known for its vibrant atmosphere, Oakley offers a mix of trendy boutiques, diverse dining options, and the popular Oakley Square, fostering a strong sense of community.
Why Live Here: Its proximity to downtown Cincinnati, coupled with a suburban feel, makes Oakley appealing to both young professionals and families.
📉 Current Mortgage Interest Rates
As of February 14, 2025, mortgage rates in Cincinnati are:
These rates present favorable conditions for both refinancing and new home purchases. Consulting with a mortgage professional can provide personalized advice based on your financial situation.
