Home sales
12:21 pm
Thu December 19, 2013

Hot streak continues for local housing market

The housing market in the Cincinnati area has marked 29 consecutive months of increased sales, rising 5 percent last month.  The Cincinnati Area Board of Realtors says home sales were up 21 percent from January through November.

For all of Ohio, the number of homes sold rose 1.6 percent in November.  That also represents 29 straight months of growth.

Slight drop in the Commonwealth

Meanwhile, the Northern Kentucky Association of Realtors reports a decline of about 5 percent, but says year-to-date home sales are still up almost 17 percent.  The Association says bad weather and the government shutdown may have delayed some people from entering the market, but it doesn't see this as a sign the economy is slowing.

Busy time for builders

Single-family home permits in Butler, Clermont, Hamilton and Warren counties were up more than 30 percent from January through November, compared to the same period in 2012.  The Home Builders Association of Greater Cincinnati says Warren County led with a 43 percent increase.  Liberty Township was tops among local jurisdictions with 219 single-family permits through November. 

Association Executive Director Dan Dressman expects demand for new homes will be even stronger next year.