The Ohio housing market is on the rise compared to recent years. In fact, sales at the end of 2016 showed a 7.5% increase over sales in 2015, Ohio’s biggest rise in sales since 2005. This is a significantly higher improvement than what was reported nationwide.
As usual, buyers were less enthusiastic in December due to surging interest rates and the winter weather which typically slows things down. But better job creation overall and the leveling off of interest rates has many buyers back looking for new listings so far this year. Realtors are working with slightly more than a 3.5-month supply of listed housing however, not a balanced market, which ideally is a 6-month supply in order to satisfy potential buyers. The 6-month supply keeps buyers and sellers expectations on an even keel.
Agents who’ve stayed with the Ohio market are being rewarded for their efforts in the state. A good example is Tammy Mazzocco. She learned the real estate profession starting out as a secretary in the mid-90s, studied throughout the following decade and now is a success with the team at Judy Gang & Associates. But Tammy Mazzocco gained her skills, and also devised her own techniques, by observing her mentors Judy Gang and Mike Zelnik. Tammy Mazzocco is focussed and organized and says that treating “my clients’ time and investment as I would my own” is something she’s habitual about.
Any agent needs to fully understand the complexities of interest rates, the unique market in their area and all the recent activity in numbers. Tammy Mazzocco clearly has a head for all that but understanding and relating to their buyers and sellers is key to an agent’s success, client satisfaction and repeat business.
Read her interview here: https://ideamensch.com/tammy-mazzocco/