Northern Kentucky Homes in May – Homes Are Selling Faster

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Northern Kentucky home sales for May 2014 were down a bit from last year, but, homes on the market are now selling faster in comparison to last year. In May, 623 homes went under contract to sell – the second highest monthly number in 2014. Here is a break down of the statistics:

May 2014 versus May 2013

  • -9.23% Decrease in sales units (551 vs 607)
  • -6.70% Decrease in average sale price ($161,302 vs $172,894)
  • -7.66 Decrease in median sale price ($139,900 vs $151,500)
  • -15.31% Decrease in sales volume
  • 4.8% Improvement in days on market (82 days vs 86 days)

January – May 2014 versus January – May 2013

  • -.36% Decrease in sales units (2,193 vs 2,201)
  • -2.08% Decrease in average sale price ($149,199 vs $152,368)
  • -3.7% Decrease in median sale price ($128,750 vs $133,700)
  • -2.44% Decrease in sales volume
  • 8.2% Improvement in days on market (85 days vs 92 days)

Source: Northern Kentucky Association of Realtors May 2014 Home Sales Report

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