Cindi Andrews reports:
Southwest Ohio and Northern Kentucky both continued their trend of increasing home sales in August, their respective Realtors associations reported Wednesday.
Sales were up 16.6 percent vs. August 2011 in Southwest Ohio, according to the Cincinnati Area Board of Realtors. The 1,940 units sold was also the highest number for August in the past five years, the board said.
In Northern Kentucky sales rose 11.4 percent vs. August 2011, according to the Northern Kentucky Association of Realtors — the 14th straight month of year-over-year increases.
Both groups credited low interest rates for helping sales. Currently, 30-year mortgage rates are averaging 3.52 percent in Greater Cincinnati, according to the CABR.