Average Sale Price Is Up for Northern Kentucky Homes in January 2015

man holding paper house
The average sale prices for homes in Northern Kentucky rose 7.66% in January 2015! Here is a breakdown of all of the statistics:

January 2015 vs January 2014

  • 7.66% Increase in average price ($144,445 vs $134,164)
  • 11.73% Increase in median price ($126,250 vs $113,000)
  • 21.83% Decrease in number of homes sold (290 homes vs 371 homes)
  • 76 days average days on market (vs 82 average days on market in 2014)

In January 2014, there were 2,310 homes for sale – the lowest residential inventory in over five years.

Now is the time to sell. Mortgage interest rates are low and demand for homes will be growing. Contact your Sibcy Cline agent.

 

Statistics courtesy of: Northern Kentucky Association of Realtors Home Sale Report, January 2015

 

 

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