Published on April 23, 2014
MARCH 2014NORTHERN KY MLS
MEDIAN SALES PRICE NORTHERN KY MLS The Median Price for all homes sold in March was $129,000, which is 12% more than the median sales price in February and 14% less than the median sales price in March 2013. MARCH 2014 MARCH 2013 $129,000 $149,184 14% MARCH 2014 $129,000 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000
CLOSED TRANSACTIONS NORTHERN KY MLS The Market Trend Report for March showed a 0% change in the number of Closed Transactions over February and a 6% decrease over sales in March 2013. 403 424 6% MARCH 2014 MARCH 2014 MARCH 2013 403 0 100 200 300 400 500 600 700
DAYS ON THE MARKET NORTHERN KY MLS The average Days on the Market for all homes sold in March was 90. This is the same amount of days from February and 6 days less than the average in March 2013. 6% 90 96 MARCH 2014 MARCH 2014 MARCH 2013 90 0 20 40 60 80 100 120
MONTHS SUPPLY OF INVENTORY NORTHERN KY MLS The number of Months Supply of Inventory at the end of March was 3.8 which is a 33% decrease over February and a 24% decrease over March 2013. 3.8 5.0 24% MARCH 2014 MARCH 2014 MARCH 2013 3.8 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0
Description The Market Trend Report is distributed each month on or about the 15th. The Report is based on data provided by Terradatum from the local Northern Kentucky Multiple Listing Service and is not annualized. While MLS and Terradatum data are believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Data for prior periods is not being recalculated for this report. Definitions Median Sales Price is the median price of all residential properties sold during the month. Closed Transactions are the number of residential transactions closed during the given month. Days on the Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Months Supply of Inventory is the total number of residential properties listed for sale at the end of the month (active inventory) divided by the number of sales contracts signed (pended) during the month).
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