It’s a hot selling market in Northern Kentucky! Home sales increased 15.4%  in May as compared to home sales in May 2015. Year to date, home sales have increased by 12.4%.

May 2016 vs May 2015

• 15.4% Increase in homes sold (667 homes vs 578 homes)
• 2.62% Increase in average sale price ($172,840 vs $168,428)
• 4.17% Increase in median sale price ($150,000 vs $144,000)
• 18.42% Increase in sales volume

January – May 2016 vs January – May 2015

• 12.14% Increase in homes sold (2,541 homes vs 2,266 homes)
• 6.18% Increase in average sale price ($166,278 vs $156,606)
• 6.07% Increase in median sale price ($145,000 vs $136,700)
• 19.06% Increase in sales volume

In May, the average days on market was 59 days (as compared to 72 days in May 2015.)

Many homes are selling with multiple offers due to the low inventory.

Look at homes for sale.

Statistics courtesy of: Northern Kentucky Association of Realtors Home Sales Report May 2016