The Cincinnati Area Board of Realtors says the local housing market shows no signs of slowing down. Home sales continued a trend of reaching a 6-year high each month this year. They were up 18.8 percent in May compared to a year ago. Sales last month were up 17.7 percent compared to April.
The average selling price last month in the Cincinnati area was $175,750 versus $158,017 a year earlier, an 11.2 percent increase.
The Northern Kentucky Association of Realtors says May was its highest month of residential sales since August 2007 with a 26 percent increase from a year ago.
The average home price in Northern Kentucky was up 16.42 percent over May 2012--$173,831 compared to $149,319.