The Cleveland housing market finished off 2016 with the highest level of sales since 2005. This is one of the findings of an annual survey of real estate sales conducted by the Ohio Association of Realtors. The survey found that overall home sales in Ohio for the year 2016 rose 7.5 percent over 2015. Northeast Ohio had even better results, with the increase being closer to 8 percent.
The biggest issue facing Ohio buyers right now is a low supply of available homes. The strong job market and exceptionally low mortgage interest rates are driving the demand for housing. But, the demand from people wanting to buy homes far exceeds the willingness of current owners to sell.
Interest rates have experienced slight increases in the past year, but that hasn’t stemmed the demand from most buyers. Overall, rates are at historic lows and buyers are anxious to take advantage of the savings.
Buyers working with experienced agents will find their house faster, and at better prices than buyers who go house shopping on their own. Tammy Mazzocco, of ReMax One in Pickerington, is one of those agents. Tammy began her real estate career over 20 years ago and has experience in finding the right home for each buyer. A recent client commended her for her patience, and for asking the right questions so she could find the right house for the client.
Shopping for the house is only part of the process. After the house is chosen, the buyer needs to complete the process of buying the house. This can be a daunting and frustrating task. Again, Tammy knows exactly how to easily get through the purchasing process. Her attention to detail and helpfulness have led to an 85% repeat business rate.