Housing market

Home sales
11:47 am
Thu January 23, 2014

It was a strong year for local housing market

Area realtors say 2013 ended on a high note for home sales.  The Cincinnati Area Board of Realtors is reporting December closings rose 14.2 percent compared to a year earlier.  For the entire year, sales increased 20.84 percent.  The average home price rose 5.75 percent last year to $165,037.  

"The Greater Cincinnati Housing Market continues to improve at a moderate rate," said Ken Parchman, President of the CABR, in a statement.  "Our low inventory coupled with relatively low interest rates and stronger demand pushed the average price higher."

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