Published on July 23, 2014
JUNE 2014NORTHERN KY MLS
MEDIAN SALES PRICE NORTHERN KY MLS The Median Price for all homes sold in June was $142,000 which is 2% higher than the median sales price in May and 2% less than the median sales price in June 2013. JUNE 2014 JUNE 2013 $142,000 $145,000 2% JUNE 2014 $142,000 $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 June showed a 10% increase in the number of Closed Transactions over May and an 8% increase over sales in June 2013. 595 549 8% JUNE 2014 JUNE 2014 JUNE 2013 595 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 June was 90. This is 9 days more than the average from May and 10 days more than the average in June 2013. 13% 90 80 JUNE 2014 JUNE 2014 JUNE 2013 90 65 70 75 80 85 90 95
MONTHS SUPPLY OF INVENTORY NORTHERN KY MLS The number of Months Supply of Inventory at the end of June was 4.7 which is 7% higher than May and a 4% decrease over June 2013. 4.7 4.9 4% JUNE 2014 JUNE 2014 JUNE 2013 4.7 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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