Third Quarter Home Sales Is Outpacing Last Year in Northern Kentucky

Bridge in Cincinnati
Home sales in Northern Kentucky are still strong and year to date the region has seen a 4 percent in the number of homes sold. For the month of September, the average sale price increased almost 7 percent as compared to September 2014. Here are the statistics:

January – September 2015 vs January – September 2014

  • 3.58% Increase in homes sold (4,745 vs 4,579 homes)
  • 5.54% Increase in average sale price ($163.611 vs $155,016)
  • 6.34% Increase in median sale price ($142,500 vs $134,000)
  • 9.32% Increase in sales volume
  • 73 days average days in market (vs 80 days in 2014)

September 2015 vs September 2014

  • -.18% Decrease in homes sold (545 vs 546 homes)
  • 6.63% Increase in average sale price ($164,872 vs $154,622)
  • 6.79% Increase in median sale price ($139,900 vs $131,000)
  • 6.43% Increase in sales volume
  • 70 days average days in market (vs 80 days in 2014)

It’s a great time to sell and buy a home. Look at homes for sale here.

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

 

Home Sales Recovery

WLWT.com reported about upward home sales for October and November, 2011 for Greater Cincinnati. October 2011 had a 25% gain in home sales from last year and November showed a 17% increase in sales throughout the area.

Watch the short video from WLWT.com about this spike in home sales. Dave Otto, Vice President/Sales Manager of  Sibcy Cline’s Anderson office was interviewed for part of this report.

In Dayton, Ohio, the Business Journal reported home sales increasing 12.5% in November 2011 as compared to the prior year.