Home sales in Northern Kentucky continued rising in August with a 1.83% increase over August 2014. Average sale prices rose as well for the month and year to date.

August 2015 vs August 2014

• 1.83% Increase in home sales units (612 vs 601)
• 2.42% Increase in average home sales price ($164,566 vs $160,680)
• 7.07% Increase in median home sales price ($147,750 vs $138,000)
• 62 days Average days on market (vs 74 days in 2014)

January – August 2015 vs January – August 2014

• 3.45% Increase in home sales units (4,172 vs 4,033)
• 5.32% Increase in average home sales price ($163,312 vs $155,070)
• 5.63% Increase in median home sales price ($142,500 vs $134,900)
• 73 days Average days on market (vs 80 days in 2014)

It’s a great time to list your home for sale and buy a new one. Home values are rising and mortgage interest rates are still low. Homes are selling at a faster pace due to low inventories of homes on the market.

Look at homes for sale here.

Statistics courtesy of: Northern Kentucky Association of Realtors, August 2015 Home Sales Report