Home Sales: buyer's advantage shrinking
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.
- September 2012: Closings: 1,588 Average Price: $158,219
- September 2011: Closings: 1,430 Average Price: $151,633
- September 2012: Closings: 397 Average Price: $139,090
- September 2011: Closings: 391 Average Price: $137,013