Northern Kentucky Real Estate Market Update for 2016

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The Northern Kentucky Association of REALTORS® and the NKY MLS report 2016 has been a record breaker for home sales and total dollar volume for NKY buyers and sellers. Units sold in 2016 was the highest recorded, 7,029 units closed, up 10.48% over 6,362 sold in 2015. Additionally, the dollar volume of residential sales rose 17.12%, $1,224,052,128 /$1,045,135,827 (2016/2015). The previously held record for units sold and total dollar volume was 2005, when REALTORS® sold 6,977 homes and the volume was
$1,081,834,519.
In comparison, 2016 saw record breaking average home sales climb to $193,000 in Aug The highest average sale price in 2005 was $163,000. Inventory is likely to be a factor too. In 2005, the average inventory of available listings was between 3,500 -4000 at various times of the year. During 2016, the inventory level was between 1,600 – 2,000 homes available for purchase.

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As a full time real estate agent, I am dedicated to provide the highest quality service and uphold my clients best interest throughout the entire process of buying and selling real estate in Northern Kentucky.

To get started, give me a call at 859-525-5753 or email ACW@HUFF.com.

 

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