Welcome all you Kenton County Kentucky sellers and buyers!  Let's take a look at how the 2013 July inventory for single family homes is stacking up in your area.

Today, July 3rd,, we have a whooping 967 homes for sale in Kenton County with a median list price of $126,900.  (That's  354 more homes than Boone County currently has active and 44 more homes for sale in the area than one year ago!  )  Sellers take note that the median days on market expectation for these homes before they sell is now at 79 days.

We also should point out that there are currently 358 Kenton County sales pending right now (41 more homes for sale than last year at this time), with a median sale price of $35,000 . With pendings plus actives, Kenton County is now overflowing with 1,325 homes!  Now that is a lot of homes, but then again, we do see numbers like this in this large county area If you are thinking of buying in Kenton County, just know that there is a lot of activity going on!

The true litmus test for predicting marketing analytics is found in Kenton County homes that have sold in the last 6 months.  These are the homes that the appraisers are looking for as new comparatives to rank new appraisals in the market.  So if we take a look at the solds for the area, we find that 902 Kenton County Homes were sold in the last 6 months with a median list price of  $16,388 and a median sale price of  $14,850.   That means there was a 9.4% spread between asking and final sales price...quite a change from last year when the spread was a whopping 22%!  The elasticity certainly has changed in the market as it has turned around to be a seller's market.

If you are looking for your dream home in Kenton, just note that some Kenton homes in Crittenden, Erlanger, Florence and Demossville are also in parts of Pendleton, Grant and Boone Counties.

Kenton County KY is located just south of Cincinnati and the Ohio River where the Licking and Ohio Rivers join.  This county, named after a noted frontiersman by the name of Simon Kenton, boasts two county seats...Independence and Covington.

 

 Proceed with knowledge and be empowered to make the right decisions in all your real estate transactions. 

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NORTHERN KENTUCKY Real Estate Sales - Cathy Miles Realtor®
CINCINNATI, OHIO Real Estate Sales - Cathy Miles Realtor®

I specialize in helping buyers & sellers with their real estate needs in Northern KY and in
Cincinnati, OH . With passion, I invite you to board my boat for your next destination and
allow me the opportunity to help you navigate the ever changing currents of this incredible
market!

just ask cathy...513.673.7726          
Helping to educate buyers & sellers to make sound real estate decisions. ___________________________________________________________________________________________________________________-
KY & OH Realtor®  /  EXIT Realty  /  cathy@mileshometeam.com