© Evan S. Allhands, September 2014 1

Northern Kentucky Market Update

Source for all data: Multiple Listing Service of Northern Kentucky, Rapattoni Corporation.

Residential (Single Family & Condominium) Market Statistics for Northern Kentucky (Boone, Campbell, and Kenton Counties) as of August 31, 2014.

Housing Supply and Market Statistics

The housing supply for the month of August (2014) was 4.6 months, unchanged from last year’s number of 4.6 (August 2013). In August (2014), 41.25% of homes sold within 30 days or less, up just slightly over last year (August 2013; 40.5%). By contrast, 22.28% of homes were on the market longer than 4 months (August, 2014), which is even with last year (August 2013, 22.73%)! August (2014) featured 543 sold properties, down ever so slightly from last year’s 550 sold properties (August, 2013). (Some sales may not have been reported at the time this data was collected.) Of the 543 properties sold last month, 14% involved a lender-owned/repossessed property (Bank-Owned, Pre-Foreclosure, Short Sale, HUD, etc.). The average sales price was $164,624 (August, 2014), up just slightly from last year’s average of $162,402 (August, 2013).

Did you know?

Cell: (859) 609-2970 Office: (513) 489-2100

Fax: (513) 842-7856 EAllhands@comey.com

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© Evan S. Allhands, September 2014 2

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0%

Other

USDA

FHA/VA

Cash

Conventional

0.0%

7.0%

23.0%

22.0%

48.0%

Source of Purchase Funds

Source for all data: Multiple Listing Service of Northern Kentucky, Rapattoni Corporation.

327 305

365

462 485

525 534 543

0

100

200

300

400

500

600

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Number of Homes Sold (Single Family & Condo) 2009-14 YTD

2009

2010

2011

2012

2013

2014

© Evan S. Allhands, September 2014 3

Source for all data: Multiple Listing Service of Northern Kentucky, Rapattoni Corporation.

0

2

4

6

8

10

12

14

16

18

20

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Housing Supply YTD August 2014

2009 2010 2011 2012 2013 2014

164,624

110,000

120,000

130,000

140,000

150,000

160,000

170,000

180,000

190,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Average Sales Price of Homes Y TD 2013-2014

2013 2014

© Evan S. Allhands, September 2014 4

Source for all data: Multiple Listing Service of Northern Kentucky, Rapattoni Corporation.

0

10

20

30

40

50

60

Number of Homes (Single-Family) Sold by Price YTD (August 2014)

0 2 4 6 8

10 12 14 16

Number of Homes (Condo) Sold by Price YTD (August 2014)

Single Family Statistics Minimum: 3,200 Maximum: 1,175,000 Median: 147,500

Condo Statistics Minimum: 30,000 Maximum: 500,000 Median: 116,000