Trends are everywhere and about everything. When to try wearing neon, when to switch your nail polish to pastel, when to eat nothing but smoothies for a week, even that one where we all put feathers in our hair. The thing about trends is they usually start out as someone’s opinion of what should be hot right now. With real estate, trends are opinions. These trends are facts about what’s going on in the market and while they are often overlooked, real estate trends might be the deciding factor on when to put your house up for sale.
In Hamilton, Butler, Warren and Clermont counties year to date 4,958 houses have been sold. There are 10,550 current active listings. And just since the beginning of May, 355 houses have been sold in those counties.
In Boone, Kenton, and Campbell counties in Northern Kentucky there have been 1,323 houses sold this year. There are currently 1,723 active listings. And in May, 84 homes have been sold so far.
So what does this mean for you? The trend is that inventory is low and houses are selling! Many homes for sale are getting great offers or even receiving multiple offers. If you’re considering selling, it looks like this trend is in your favor. But remember with real estate, this trend could be over as fast as those feather hair extensions were traded for ombre color.