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Economy

Home Sales: buyer's advantage shrinking

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Greater Cincinnati home sales are up for the fifteenth month in a row. In Cincinnati the gain was bigger at 11% when compared to the same month last year.

Northern Kentucky's sales increase was just 2%. In both places median prices are increasing and home inventories are declining, a sign realtors say indicates the buyer's advantage is starting to shrink.

(Cincinnati)

  • September  2012: Closings: 1,588   Average Price: $158,219
  • September 2011: Closings: 1,430    Average Price: $151,633

(Northern Kentucky)

  • September 2012: Closings: 397   Average Price: $139,090
  • September 2011: Closings: 391    Average Price: $137,013