Northern Kentucky Home Sales Up 24 Percent in February 2016

Ky_BluegrassSignHomes are selling in Northern Kentucky! The region had a 23.57% increase in home sales as compared to February 2015. Here are the statistics:

February 2016 vs February 2015

  • 23.57% Increase in homes sold (388 homes vs 314 homes)
  • 1.06% Increase in average sale price ($152,382 vs $150,788)
  • -3.8% Decrease in median sale price ($130,750 vs $131,250)
  • 24.88% Increase in sales volume

January- February 2016 vs January – February 2015

  • 12.54% Increase in homes sold (691 homes vs 614 homes)
  • 7.37% Increase in average sale price ($157,909 vs $147,072)
  • 6.63% Increase in median sale price ($137,750 vs $128,950)
  • 20.84% Increase in sales volume

With a low inventory of homes available on the market for sale, the average sale price has increased. Many new listings are selling quickly in a short time on the market. Mortgage interest rates remain low.

Look at homes for sale here.

Statistics courtesy of: Northern Kentucky Association of Realtors Homes Sales Report, February, 2016

 

 

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