home sales

Home sales up 24% in Cincinnati

For the 26th straight month Cincinnati homes sales have continued to climb. In August they were up 24% when compared to the same month last year. President of the Cincinnati Area Board of Realtors Kevin Kelly says, "Our local housing market is very active and properties that are in good condition and are prices right seem to be selling quickly."

Home sales are continuing their double digit climb in Greater Cincinnati and Northern Kentucky. For more than two years sales have increased.

In Cincinnati they edged up 31% from last July to this July. In Northern Kentucky it was 32%. The average selling price in Cincinnati is $179,000, up 8% from a year earlier.

For 22 straight months Greater Cincinnati home sales have continued to climb. In April they were up 24% in Cincinnati and 17% in Northern Kentucky.

Number of homes sold

Cincinnati home sales for last month totaled 1,919 compared to 1,547 a year ago. Four hundred sixty-nine homes were sold in Northern Kentucky in April compared to 400 in April of 2012.

Average selling price

On Tuesday the organization Working in Neighborhoods  will release the latest Hamilton County foreclosure data.

Home sales in Cincinnati ended last year at the highest level since 2007.  The Area Board of Realtors says closings were up 12 percent from 2011.  December home sales rose more than 5 percent compared to the same month a year ago.