NKY Home Buyers are Pouncing on New Listings

Florence, KY – April 22, 2015. April is Fair Housing Month in America, a time to remember how far we have come as a country to ensure that every American has a right to own a home, and live where they want to freely without discrimination from race, color, religion, sex, handicap, familial status, sexual orientation, gender identity, and national origin. On April 11, 1968, passage of the Fair Housing Act was the beginning of a new era and 47 years later, NKY REALTORS® want you to know that their commitment to provide equal professional services without discrimination is as strong as ever.

The Northern Kentucky Association of REALTORS® and its Multiple Listing Service announced today that local home sales in March rose nearly 19% (501-422) over sales from the previous March 2014. The lasting snowy weather of the 1st quarter lingered on through February keeping home purchasers inside but, March broke open with sales rebounding.  Average home prices were up by 5% ($162K-153K) indicating that sellers are reaping the rewards of low inventories. Of the 501 homes sold in March, 215 or 43% went pending in the first 30 days and sold for 98% of their asking price, strong signs that buyers are moving on market ready properties very quickly.

April Stats and YTD

Year to Date, even with lower total sales, the total dollar volume of closed transactions is up 5.69% which clearly indicates that home prices have outpaced sales, giving notice to sellers and buyers that the time is right to get off the fence and take a leap of faith back into the market this spring.

For buyers, it’s smart to use the services of a local REALTOR®, someone who is familiar with your local market and uses the most accurate source of listings and sales –the MLS to find your dream home as soon as it hits the market.  Your REALTOR® can set up a custom search that sends you an email every four hours if a new or changed listing in your search parameters is entered.  Their knowledge about the buying and selling process is invaluable when you are making one of the most important decisions in your lifetime. 

For sellers, using a REALTOR® is good practice.  Knowing that you have a trained professional working on your behalf to get the highest and best price for your property, as well as having someone who understands the complexities of buying and selling makes you a smart consumer. 

For most Americans, homeownership offers immediate benefits and long-term value. Homeowners can accumulate wealth for the future while enjoying the benefits of a place they can call home, a shelter that they can use, improve and sell when the time is right.

Are you ready?  Call a REALTOR® Today!