Hire A ProfessionalLuxury HomesMoney TalkSelling Your Home October 10, 2024

Why Now’s Not the Time To Take Your House Off the Market

Is your house in Cincinnati or Northern Kentucky sitting on the market longer than expected? If so, you’re likely feeling frustrated and may even be considering pulling the listing to wait and see what 2025 brings. However, what many homeowners in the local real estate market don’t realize is that this decision could actually cost you in the long run. Here’s why sticking with your current plan to sell could be the smarter move for the Cincinnati and Northern Kentucky areas.

**Other Sellers Are Pulling Back. Should You?**
Recent data from Altos Research shows that more homeowners are pulling their listings, particularly in the Cincinnati and Northern Kentucky markets, which reflects a broader national trend. As we enter the fall season, it’s typical for real estate activity to slow down, and some sellers opt to delay their plans until the new year. Mike Simonsen, Founder of Altos Research, notes:

> “. . . we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year. In fact, for every two sales, there is another listing withdrawn from the market.”

But is pulling your home from the market in Cincinnati or Northern Kentucky the best move? While it may seem tempting, here’s why waiting may not pay off.

**Today’s Buyers in Cincinnati and Northern Kentucky Are Serious**
One of the most compelling reasons to keep your home on the market is that buyers in the region who are shopping right now are highly motivated.

These buyers have been holding off for improved affordability, and now that mortgage rates have eased from their peak, they’re ready to take action. Mortgage applications are on the rise, signaling that potential buyers are preparing to re-enter the market. Especially in the Cincinnati and Northern Kentucky areas, buyers who have delayed their search are now more eager than ever to find a home before the holiday season or winter weather sets in.

These aren’t just casual browsers—they are serious buyers looking to move quickly, which is exactly the type of buyer you want. As Freddie Mac points out:

> “During the fall months, serious homebuyers are eager to settle into a new home before the holiday season ramps up and the winter weather begins.”

By keeping your home listed, you improve your chances of connecting with serious buyers in the Cincinnati and Northern Kentucky real estate markets who are ready to make an offer.

**Bottom Line**
While some sellers in the Cincinnati and Northern Kentucky communities are choosing to pull their homes off the market, doing so may not be your best move. With serious buyers ready to act, this could be an ideal time to sell your home. Connect with your local real estate agent to ensure you have a strategy in place to navigate today’s housing market successfully.