Northern Kentucky Home Sales Top One Billion in Sales Volume in 2015

growth in constructionThe Northern Kentucky Association of Realtors reports residential home sales for 2015 with over $1 billion in sales volume. This is the first year since 2006 that sales exceeded one billion dollars.

December 2015 vs December 2014

  • 31.94% Increase in home sales units (536 vs 407)
  • 1.70% Increase in average home sale price ($162,381 vs $159,662)
  • 5.03% Increase in median sale price ($140,000 vs $133,299)
  • 34.19% Increase in sales volume
  • 73 days average days on market (vs 81 average days on market in 2014)

January – December 2015 vs January – December 2014

  • 6.40% Increase in home sales units (6,336 vs 5,955)
  • 5.73% Increase in average home sale price ($164,309 vs $155,404)
  • 6.42% Increase in median sale price ($142,500 vs $133,900)
  • 12.49% Increase in sales volume ($1,041,059,486 vs $925,429,315)
  • 73 days average days on market (vs 80 average days on market in 2014)

Look for homes for sale here. It’s a great time to sell a home and purchase a new one. Home values are rising and mortgage interest rates are still low.

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

 

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