Thu February 21, 2013
Winning streak continues for local home sales
Cincinnati home sales reached a six-year high last month. The Cincinnati Area Board of Realtors says January closings rose 30 percent compared to a year ago.
Board president Kevin Kelly says the continued upward momentum of Cincinnati home sales is a strong indicator the local economy is recovering. He says mortgage rates are maintaining their historic lows, the inventory of homes remains low and the number of buyers looking for a home is increasing, all factors that will help the local housing market.
Northern Kentucky realtors also saw an increase. Home sales there rose almost 17 percent last month compared to a year ago, the best January in five years.
Last month marked 19 consecutive months of increased home sales for Cincinnati and and 18 for Northern Kentucky.