Good Signs: Northern Kentucky Market Is Stabilizing
July 23rd, 2010 § Leave a Comment
Signs of stabilization in the Northern Kentucky housing market continued in June when average sales prices were the highest they have been since August 2008. In June, the average selling price of residential homes hit $157,640; the highest monthly average since August 2008 when the average price was $166,085. Additionally, the median price in June was $133,500, higher than any month since August 2008 when the median home price was $138,000. The absorption rates for single family residential (non-condo) for the northern Kentucky region stands at 9.9 months worth of inventory currently on the market.
Your individual neighborhood may vary drastically from the overall regional snapshot. Some areas are seeing signs of substantial growth. Give us a call and we can research information specific to your home.
CENTURY 21 Garner Properties
859-363-9900
