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Jason Bowman-Realtor CRS

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October 2014 Home Sales Update

by Jason Bowman-Realtor CRS

Home Sales Up 2.75%
Highest Oct. Home Sales since 2006

Home sales in October improved over last October, up +2.75%. Homes sold (closed) last month were 1,979 compared to 1,926 in October 2013. Home sales YTD are 19,412 compared to 19,747 for the same period (Jan-Oct) last year, down -1.7%.

“Home sales improved this month in Greater Cincinnati. 2014 is one of the best years for sales in the past seven years,” said Ken Parchman, President of the Cincinnati Area Board of REALTORS®. “As a result of low interest rates and low inventory, our average sale price continues to climb,” said Parchman.

The October average home selling price climbed to $176,015 vs. $154,701 a year earlier, a +13.8% increase. The average price has increased year-over-year for 32 consecutive months. At the same time, the inventory of homes for sale, as of October 31, continued its year-over-year declining trend to 9,589 from 10,315 a year ago, down -7.0%.

Local home mortgage rates in October averaged 4.10% for a 30-year fixed rate loan. The rates are even at 4.10% a year ago. At these fixed rates, the monthly principal and interest payment on a $100,000 home loan with no money down would be approximately $483.


“I know I sound like a broken record, but it is an excellent time for first-time home buyers or those looking to upgrade or relocate to purchase a home. Our total inventory of homes on the market is approx. 9,600 homes. There are over 4,600 homes priced under $140,000 in Greater Cincinnati. With low interest rates and a stronger economy, homes in our market are very affordable,” said Parchman.

“There are plenty of buyers looking for that perfect home at a good price. Now, more than ever, is the time to list your property with a REALTOR®,” said Parchman.
Nationwide, October home sales were up + 1.5% from September on a seasonally adjusted basis, and were up + 2.5% from October 2013.

Compliments of Cincinnati Area Board of Realtors.

September Cincinnati Home Sales Update

by Jason Bowman-Realtor CRS

Home sales in September showed relative stability, down a mere -1.1% from a year ago. Homes sold (closed) last month were 1,961 compared to 1,983 in September 2013. Home sales YTD are 17,411 compared to 17,821 for the same period (Jan-Sept) last year, down -2.3%

“2014 home sales are mimicking 2013 sales, which recorded the highest number of sales in the past 7 years,” said Ken Parchman, President of the Cincinnati Area Board of REALTORS®. “Where the units sold is relatively stable. The average sale price continues to climb,” said Parchman.

The September average home selling price climbed to $179,713 vs. $162,428 a year earlier, a 10.6% increase. The average price has increased year-over-year for 31 consecutive months. At the same time, the inventory of homes for sale, as of September 30, continued its year-over-year declining trend to 10,121 from 10,527 a year ago, down -3.9%

Local home mortgage rates in September averaged 4.07% for a 30-year fixed rate loan. The rates are down slightly from 4.28% a year ago.


“It is an excellent time for first-time home buyers or those looking to upgrade or relocate to purchase a home. Our total inventory of homes on the market is approx. 10,000 homes. There are over 4,500 homes priced under $140,000 in Greater Cincinnati. With low interest rates and a stronger economy, homes in our market are very affordable,” said Parchman.


“There are plenty of buyers looking for that perfect home at a good price. Now, more than ever, is the time to list your property with a REALTOR®,” said Parchman.


Nationwide, September home sales were up + 2.4% from August on a seasonally adjusted basis, and were down - 1.7% from September 2013.

Compliments of Cincinnati Area Board of Realtors (www.CABR.org).

Where are America's Best Suburbs?

by Jason Bowman-Realtor CRS

When choosing a place to call home, most buyers want the same thing. Families desire homes in safe neighborhoods with good schools. People like to settle in communities that offer easy access to work and amenities. Recently, Business Insider investigated close to 300 American Neighborhoods of 5,000 to 100,000 people within 60 miles of a major cities. These suburbs were ranked according to commute time, household income, crime rates, public school ratings, and housing affordability. Perhaps not a surprise to local residents, Our Tri-State area is fortunate to have 7 neighborhoods in "The 50 Best Suburbs in America". 

Here are the Seven Neighborhoods that made the list:


3. Madeira, Ohio

7. Villa Hills, Kentucky

10. Springboro, Ohio

21. Montgomery, Ohio

24. Wyoming, Ohio

29. Fort Thomas, Kentucky

34. Edgewood, Kentucky

To see what other Suburbs made the cut, read the whole the whole article by clicking the link below.

The 50 Best Suburbs in America

August 2014 Cincinnati Home Sales Update

by Jason Bowman-Realtor CRS

August Closings Lose Momentum
Home sales in August lost momentum, down - 14.3% from a year ago. Homes sold (closed) last month were 2,110 compared to 2,463 in August 2013. Home sales YTD are 15,429 compared to 15,838 for the same period (Jan-August) last year, down -2.6%

“Greater Cincinnati continues to be a solid, viable market,” said Ken Parchman, President of the Cincinnati Area Board of REALTORS®. “Even though August unit sales were down, 2014 is continuing to mimic 2013 home sales, which recorded the highest number of sales in the past 7 years,” said Parchman.

The August average home selling price climbed to $190,795 vs. $171,440 a year earlier, an 11.3% increase. The average price has increased year-over-year for 30 consecutive months. At the same time, the inventory of homes for sale, as of August 31, continued its year-over-year declining trend to 10,233 from 10,571 a year ago, down -3.2%.

Local home mortgage rates in August averaged 4.03% for a 30-year fixed rate loan. The rates are down slightly from 4.54% a year ago.


“The average price in the Greater Cincinnati housing market continues to steadily increase as a result of lower inventory levels, increased buyer activity and relatively low interest rates,” said Parchman.

“We live and work in a stable market with affordable housing opportunities for not only first-time buyers, but those looking to upgrade or relocate.”

“There is no better time than now to list your property with a REALTOR®,” said Parchman.

Nationwide, August home sales were down - 1.8% from July on a seasonally adjusted basis, and were down – 5.3% from August 2013.

Compliments of the Cincinnati Area Board of Realtors.

The Best Greater Cincinnati Homes Sell Fast!

by Jason Bowman-Realtor CRS

Smart sellers understand that a proactive selling strategy can go a long way in getting their home sold quickly, and for top dollar. Here are three tips for today’s sellers:

  1. Make your home shine. Buyers like to envision a home they can move right into. Clean carpets, fresh paint, and a nicely landscaped yard can go a long way to make prospective buyers feel at home.
  2. Anticipate the selling season. Many sellers wait for the market to pick up before they place their home for sale, but smart sellers anticipate these seasonal adjustments and list their homes early in the sales cycle. Give yourself the best opportunity by placing your home on the market before everyone else does!
  3. Price your home right. Markets change, so don't be influenced by last year's selling activity and home prices. We will evaluate your home based on the most recent sales data and price it to sell for the most money in the shortest amount of time.

Whether you're looking to sell today or are thinking of selling tomorrow, please feel free to call and ask for an analysis of our recent market activity. We would be more than happy answer any questions you might have. 

To ready your home for the Spring Market or any market, our RE/MAX Fit To Sell Videos are a helpful tool to get your Greater Cincinnati Home shine in this market.

$5,000 FREE Toward Your Next Home Purchase!

by Jason Bowman-Realtor CRS

Great News:  Greater Cincinnati Home Buyers can take advantage of the “Welcome Home” Grant right now!  The Government is offering up to $5,000 for down payment  and/or closing cost assistance.  The funds are offered on a first come first serve basis, so do not hesitate.  Take advantage of this fantastic incentive today!

Welcome Home Funds are designated for customers buying a primary residence only, and you must meet certain qualifications to be eligible. 

How do I know if I qualify for the Welcome Home Grant?

  1. You must have an Accepted Purchase Contract to be eligible.
  2. You must have a minimum of $500 of your own Personal Funds to contribute to the transaction.
  3. You must complete a “Homebuyer Counseling” Program if you are a First Time Home Buyer.

Call The Jason Bowman Team for more information about this limited time incentive!  Take advantage of low interest rates and FREE money!  Funds go quickly, so call our Team today: 513-766-0647!

Cincinnati Home Sales Update - January 2014

by Jason Bowman-Realtor CRS

Over 1,200 Homes Sold in January
Spring is just around the Corner

A total of 1,209 homes were sold (closed) last month - - a 7.2% decrease from a year ago.
“This is the first time in over two years that our local market has experienced a reduction in sales activity,” said Ken Parchman, president of the Cincinnati Area Board of REALTORS®. “Like the stock market, our home sales activity will experience occasional dips as we continue our upward growth.”

The January average home selling price maintained its upward movement to $150,908 vs. $138,592 a year earlier, an 8.9% increase. The average price has increased year-over-year for 23 consecutive months. “Inventory levels and interest rates are some of the factors impacting our growth in average price,” said Parchman.

Local home mortgage rates in January averaged 4.25% for a 30-year fixed rate loan. Even though the rates are up slightly from 3.60% a year ago, they are still at a level that enhances home affordability and does not seem to be negatively influencing home sales.

The inventory of homes for sale as of January 31 continued its year-over-year declining trend to 8,580 from 9,451 a year ago, down - 9.2%. January inventory decreased - 2.0% compared to December 2013. This means that homes for sale, if priced competitively and are move-in ready, are in a position to sell faster.

“The Greater Cincinnati housing market is very stable and will continue to improve at a moderate rate. Our low inventory coupled with relatively stable, low interest rates and increasing demand, has pushed the average price higher,” said Parchman.
“Now is the time to list your property with a REALTOR®. Our regional Open House Weekend will be March 22-23. The Spring market and pent-up demand will encourage many potential buyers to look at properties and to purchase,” said Parchman.

Nationwide, January home sales were down -5.1% from December on a seasonally adjusted basis and were down -5.1 % from January 2013.

Compliments of:  Cincinnati Area Board of Realtors

USDA Eligibility Map Release Date Extended

by Jason Bowman-Realtor CRS

Greater Cincinnati and Northern Kentucky Rural Housing Buyers have been anxiously awaiting the upcoming release of the USDA/Rural Housing Eligibility Maps that were to be based on the 2010 Census data.  We just received notification today that the eligible areas will remain unchanged and are currently in a "holding pattern" until either an appropriation bill or a continuing resolution is passed.  Rural Housing Programs offer buyers an opportunity to purchase real estate in Areas in Ohio and Kentucky and all across the United States with 100% Financing.  Other financing alternatives might be available to Greater Cincinnati and Northern Kentucky home buyers.  Certain income restrictions may apply.   Call our Team today at 513-766-0647 for more information.

The Jason Bowman Team Earns Esteemed 2013 Angie's List Super Service Award

by Jason Bowman-Realtor CRS

Jason Bowman and his Team Earns Esteemed 2013 Angie’s List Super Service Award

Award reflects company’s consistently high level of customer service

Jason Bowman and his Team of Professionals have earned the service industry’s coveted Angie’s List Super Service Award, reflecting an exemplary year of service provided to members of the consumer review service in 2013.

 "It is truly the highest compliment to receive positive feedback from our Clients.  We are thankful for all the kind comments and reviews that our clients have posted to the Angie's List community.  We are inspired to discover new ways to implement our mission of Service Excellence," said Jason Bowman of The Jason Bowman Team and RE/MAX Elite.

“Only about 5 percent of the companies Jason Bowman and his Team competes with in Greater Cincinnati market are able to earn our Super Service Award,” said Angie’s List Founder Angie Hicks. “It’s a mark of consistently great customer service.”

Angie’s List Super Service Award 2013 winners have met strict eligibility requirements, which include an “A” rating in overall grade, recent grade, and review period grade; the company must be in good standing with Angie’s List, have a fully complete profile, pass a background check and abide by Angie’s List operational guidelines.

Service company ratings are updated daily on Angie’s List. Companies are graded on an A through F scale in areas ranging from price to professionalism to punctuality. Members can find the 2013 Super Service Award logo next to company names in search results on AngiesList.com.

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Angie's List helps consumers have happy transactions with local service professionals in more than 720 categories of service, ranging from home improvement to healthcare. More than 2 million paid households use Angie's List to gain access to local ratings, exclusive discounts, the Angie’s List Magazine and the Angie's List complaint resolution service.

And, We Keep Growing!

by Jason Bowman-Realtor CRS

The Jason Bowman Team is proud to welcome Gary Bennett.  Gary brings to our team a wealth of investment property knowledge and expertise.  Gary is our newest Property Specialist helping buyers and sellers in Ohio and is just another reason why people enjoy working with our team.

Displaying blog entries 1-10 of 238

Contact Information

Jason Bowman, CRS, CDPE, ABR, GRI, E-PRO
RE/MAX Elite
5720 Gateway Blvd., #203
Mason OH 45040
513-766-0647
Fax: 513-766-0627
  • Phone: (513) 766-0647
  • Fax: (513) 766-0627