It would appear investors were an outsized portion of the market in January. Nationally, it was estimated that 45% of sales were "distressed" properties (i.e., lender owned or mediated). In the Cincinnati area this same trend was seen with an estimated 40% that were distressed sales. A point to note on this statistic: it is likely that the average price drops being reported are in large measure due the high volume of distress sales.
- View national housing indicators through the end of February.
The overarching message is that if you are going to sell in this market, then you must be realistic about expectations (and unless you have to sell - don't). Condition is the key factor to selling your home quickly unless it is "bargain priced."