Cindi Andrews reports:
Greater Cincinnati and Northern Kentucky saw their highest January sales in at least five years.
Sales in Hamilton, Butler, Clermont and Warren counties climbed 29.5 percent, to 1,294, compared to January a year ago, according to the Cincinnati Area Board of Realtors.
It was the highest number of closings since 2007.
“January home sales came in like a lion to begin 2013,” said Kevin Kelly, president of the CABR. “The continued upward momentum of Cincinnati home sales is a strong indicator that our local economy is recovering.”
The median price was $110,000, a 7 percent increase over the same period last year.
The Northern Kentucky Association of Realtors reported 309 sales, a 16.6 percent increase over January 2012. It was Northern Kentucky’s best January for sales since 2008.
The median price was $115,550, a less than 2 percent increase over the same month last year.
Nationwide, January home sales rose 9.1 percent from January 2012, according to the National Association of Realtors.