A lot has been said about the “hot” housing market in Northern Kentucky but what does that really mean? I’ve attached an interesting chart with data provided by the Northern Kentucky Association of Realtors. Let’s look at July 2015 vs. July 2016. In July 2016 there were actually 55 fewer homes sold than the same month last year which would make it seem like the market really isn’t that hot. However, there’s another piece to the puzzle and that’s the number of homes on the market. In July 2016 there were 584(23%!) fewer homes for sale with basically the same number of buyers. As a result, homes were selling fast and creating the perception of a “hot” market.
Northern Kentucky’s “Hot” Housing Market
Posted on: Aug 09, 2016