Greater Cincinnati Home sales building momentum

May 22, 2013

For 22 straight months Greater Cincinnati home sales have continued to climb. In April they were up 24% in Cincinnati and 17% in Northern Kentucky.

Number of homes sold

Cincinnati home sales for last month totaled 1,919 compared to 1,547 a year ago. Four hundred sixty-nine homes were sold in Northern Kentucky in April compared to 400 in April of 2012.

Average selling price

The average selling price in Cincinnati is $156,957 and in Northern Kentucky is $146.050. Realtors are confident the housing market will continue to increase. "We continue to see home sales increasing and home prices continue to see positive momentum," said Kevin Kelly, president of the Cincinnati Area Board of Realtors. "Fewer homes on the market and lower interest rates continue to attract more buyers."

Nationally, April home sales were up 9.7% from April 2012.