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Jason Bowman-Realtor CRS


Displaying blog entries 1-10 of 235

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


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.


by Jason Bowman-Realtor CRS

Are you looking to get into that new School District for the start of the School year?  Does your family want to find that larger home that meets your growing family's needs by the end of Summer?  Now is the time to start looking. Inventory is going quick and you should start your search now to increase your odds of getting in to your new home by Labor Day.

Freddie Mac reports the national average commitment rate for a conventional, 30-year fixed-rate mortgage at 3.57 percent in March, up from 3.53 percent recorded in February 2013. Buyers were accessing rates of 3.95 percent in March 2012.

Gary Thomas, NAR president, explains that homes are selling faster. "The typical home sold in March was on the market for one month less than it took to sell a year ago," he said. "Multiple bidding is becoming more common, and more homes are selling above the asking price, so buyers need to move quickly and follow their Realtor's advice for contingencies when making contract offers.

Be the first to know about new listings and get your search started today at or .

What?!.. Investors are targeting pretty suburban homes like yours . . .

by Jason Bowman-Realtor CRS

A new kind of real estate investor is searching neighborhoods throughout Greater Cincinnati and Northern Kentucky. This investor is not the typical individual that watched too many late night infomercials or sat through too many episodes of “Flip This House” on HGTV. These people do not nail “We Buy Houses” signs to telephone poles or post flyers at Home Depot.

This new investor that I speak of is not a person at all, but rather a huge publicly traded corporation. Pension Plans and Hedge Funds on Wall Street clearly see that today’s market presents a great opportunity to invest in single family homes. They are not buying these homes to flip in the short term. The fact is, that today’s prices are still far below the cost of construction and these firms plan to hold for the long term. Unlike the typical investors, these firms make fair cash offers and have a very easy inspection process. These investor offers do not work for every seller and situation, but it can provide a great option if homeowners are planning to list this summer.

Next week, the Jason Bowman Team with RE/MAX Elite will roll out its new "Instant Offer Program". This program will help homeowners with homes built after 1993 to potentially connect with these institutional investors to possibly get a quick cash offer. “The institutional residential investment groups that we have been in contact with plan to acquire 200 single family homes in Great Cincinnati this year” says team leader Jason Bowman. “We were skeptical at first, but we have helped our clients to sell to these groups and the process has been extremely smooth.”

If your home was built after 1993, has at least 3 bedrooms/two full baths, and a two car garage, you may be able to get an investor offer without even listing or staging your home. Sign-up today by sending us an email to with "Instant Offer Program" in the subject line to receive this important email announcement.

Cincinnati Homes Sales Update - April, 2013

by Jason Bowman-Realtor CRS

April Home Sales Up 24%;
Housing Market Shows No Sign of Slowing Down

Cincinnati home sales (closings) have reached a 6-year high each month in 2013. Home sales last month totaled 1,919 compared to 1,547 from a year ago, up 24.1%. This represents 22 consecutive months of increased sales. Sales in April 2013 compared to March 2013 were up 9.1%.

April’s average home selling price was $156,957 vs. $148,792 a year earlier, a 5.5% increase. The average price has increased year-over-year for 14 consecutive months. For the first 4 months of 2013, the average price of homes has increased 6.1%.

Local home mortgage rates in April averaged 3.42% for a 30-year fixed rate loan. That is down from 4.03% a year ago. The difference represents a $415 yearly savings on a $100,000 home loan, which enhances home affordability.

The inventory of homes for sale as of April 30 continued its year-over-year declining trend to 10,148 from 11,986 a year ago, down 15.3%. However, April inventory increased by 6% compared to March 2013. This means that homes for sale, if priced properly and in good condition, are in a position to
sell faster. It is common for inventory to start low and build as the year goes on. As of today, the inventory of homes for sale is at 10,314 listings.

“We continue to see home sales increasing and home prices continue to see positive momentum,” said Kevin Kelly, president of the Cincinnati Area Board of Realtors. “Fewer homes on the market and lower interest rates continue to attract more buyers.”

Nationwide, April home sales were up 0.6% from March on a seasonally adjusted basis and were up 9.7 % from April 2012. April home sales marked the 22nd consecutive month where home sales – nationwide and statewide – also improved over a year ago.

Summary of Single Family and Condominium sales

To read more click here.

Compliments of the Cincinnati Area Board of Realtors.

Displaying blog entries 1-10 of 235

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