WELCOME UNION KY BUYERS AND SELLERS! Let's take a look at how 2012 inventory is stacking up for the Union area as we start into the second weekend of the NEW YEAR.  Today, January 14th, we have 156 homes for sale in the Union area of which a median list price of $279,800.  The average days on market expectation for these homes before they sell is now at 167 days, so sellers take note.  We also should point out that there are currently 35 Union sales pending right now, with a median sale price of $194,900 and an average days on market of 179. 

The true litmus test for predicting marketing analytics is found in Union 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 160 Union were sold with a median list price of  $234,990 and a median sale price of  $228,000.   That means there was a 3% spread between asking and final sales price...something to note if you are buying or selling in this market.  By the way, the average days on market for these last 6 months was 110 days, just under two months of what is projected it will take to sell new inventory.  

Statistically, Union appears to be holding steady in the price market, but as it stands, there are still great deals to found at the current prices.   If you are looking for your dream home in Union , you might want to search these:  

$0 - $125,000                   $125,000 -  $150,000         $150,000 - $200,000                      
$200,000 - $250,000      $250,000 - $350,000          $350,000 - $450,000
$450,000 - $550,000      $550,000 - $625,000          $625,000 and up

All the best in 2012!  Proceed with knowledge and be empowered to make the right decisions in all your real estate transactions. 

NORTHERN KENTUCKY Real Estate Sales - Cathy Miles Realtor®
CINCINNATI, OHIO Real Estate Sales - Cathy Miles Realtor®  
I specialize in helping buyers and sellers with their real estate needs in Northern KY (Florence, Erlanger, Union, Richwood, Burlington, Hebron, Taylor Mill and surrounding areas) and in Cincinnati, OH (Hyde Park, Oakley, Clifton, Mt. Adams and surrounding areas). 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/www.mileshometeam.com / I-Fax: 888.398.3974 /cathy@mileshometeam.com