December home sales in the Cincinnati area were up from a year ago, but not by much.
The Cincinnati Area Board of Realtors reports 1,616 sales last month, compared with 1,608 in December 2013. Northern Kentucky Realtors say their gain was similar: 397 sales in December of 2014, and 388 in December 2013.
However, total sales for 2014 are different for the two sides of the river. In Ohio, there was a drop in sales of 1.7 percent , while Northern Kentucky sales grew by 1.84 percent.
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."