NKY real estate: prices continue to rise, the number of proposals decreases

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The number of homes sold in Northern Kentucky in June was down from last June, but overall year-on-year sales are still growing and the local housing market is still strong, according to figures released last week by the Northern Kentucky Association. realtors (NKAO).

720 housing units were sold last month, up from 762 in the same month last year, down 5.51% from a year earlier.

However, in the first six months of this year, home sales outpaced last year’s for the same period by more than 8%, from 3,632 to 3,359.

The median selling price also rose on both measures, with the median selling price of $ 281,751 in June 2021, up 21.84% from the same month last year when the median selling price was $ 231,249.

On an annualized basis, local home prices are up 16.68% to an average of $ 255,250 this year, up from $ 218,762 at that time last year.

Listings are also quickly contracted, with an average of just twelve days on the market, a record according to NKAR.

In June, agents entered 874 new listings, the highest rate this year, but well below the typical rate in recent years. In June 2016, there were about 2,000 properties on the list. There were 1,196 listings in June 2019. Last year there were 645 active listings at this time.

There are currently a total of 634 properties on the Northern Kentucky residential real estate market.

– Staff report





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