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N.Ky. Home Sales Jump In July

Reported by: Shannon Kettler
Email: skettler@wcpo.com
Web Produced: Jessica Noll
Last Update: 8/21/2009 11:57 am
(Shannon Kettler/KyPost.com)
(Shannon Kettler/KyPost.com)
Newly released numbers show a positive sign in the struggling housing market.

Home sales posted the largest monthly increase in at least 10 years for the month of July for Northern Kentucky.

Nationwide there was a 7-percent increase for July.

In Northern Kentucky, more home sellers listed their homes for sale than in any previous month this year.

Supplies had been dwindling since January but in July saw the highest number of new listings hit the market this year.

New listings in July 2009 were up 6.6 percent over June and, up 4.5 percent when compared to July 2008, according to the Northern Kentucky Association of Realtors.

"The market is still being dominated by first time buyers and investors. The $8,000 tax credit continues to entice first time buyers into the market," said Johnny Hodge, president of the Northern Kentucky Association of Realtors.
(Shannon Kettler/KyPost.com)
(Shannon Kettler/KyPost.com)
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