Sales rose 4.3% for April 2014 in Northern Kentucky as compared to April 2013. Current market conditions are in favor of both home buyers and sellers. Interest rates are still low and homes are still affordable. Home prices are just starting to rise.

Homeownership in Northern Kentucky is strong and is on track to meet or exceed 2013 when the area’s home sales reached a six-year high.

April 2014 versus April 2013

• 4.3% Increase in units sold (509 vs 488)
• 3.69% Increase in average price ($152,052 vs $146,638)
• .86% Increase in median price ($133,760 vs $132,625)
• -6.2% Decrease in days on market (83 days vs 88 days)

Year-To-Date: January – April 2014 versus January – April 2013

• 2.89% Increase in units sold (1,640 vs 1,594)
• .43% Increase in average price ($145,172 vs $144,552)
• -2.75 Decrease in median price ($124,000 vs $127,500)
• 9.3% Increase in days on market (86 days vs 94 days)

In April there were 892 new listings in the region.

Statistics courtesy of Northern Kentucky Association of Realtors and Northern Kentucky Multiple Listing Services April 2014 Home Report.