Homes sales for the month of March, 2010 jumped noticeably from numbers for 2009.  April is expected to be even better.Cincinnati Single Family and Condo Sales - 2009-10

Playing a key role in this upturn is the Home Buyers Federal Tax Credit of $8000 for first time buyers and $6500 for Sellers who have lived in their homes for at least five years.

Other factors that influence the upswing is the current low interest rates, hovering around 5%.  Also, Spring always signals increased interest in home buying.

Inventory of homes remains relatively high, at 8.59 months, based on the past month's sales activity.  A year ago, it stood at 9.91 months, so a gradual improvement is taking place.  The National Association of Realtors (NAR) says that 6 months of inventory is a balanced market.

The Housing Affordability Index indicates that more people can afford to by a home than in the past 40 years.  This index compares home prices and interest rates.  It is easy to understand why there are many first time home buyers in the market.