The median home sales price in September 2014 was $131,000, down 6% from August and 4% lower than September 2013. The number of closed home sales transactions decreased 12% compared to August and remained unchanged from September 2013 at 518 homes. The average days on the market for homes sold was 82 days, up 6 days from August and 3 days more than September 2013. The months supply of home inventory was 5.5 months at the end of September, a 12% increase from August and 13% lower than September 2013.

1. SEPTEMBER 2014
NORTHERN KY MLS

2. MEDIAN SALES PRICE
NORTHERN KY MLS
The Median Price for all homes sold in September was $131,000, which is 6% less than August and 4% less than the median sales price in September 2013.
SEPTEMBER 2014
SEPTEMBER 2013
$131,000
$136,500
4%
SEPTEMBER 2014
$131,000
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000

3. CLOSED TRANSACTIONS
NORTHERN KY MLS
The Market Trend Report for September showed a 12% decrease in the number of Closed Transactions over August and no change over sales in September 2013.
518
516
0%
SEPTEMBER 2014
SEPTEMBER 2014
SEPTEMBER 2013
518
0
100
200
300
400
500
600
700

4. DAYS ON THE MARKET
NORTHERN KY MLS
The average Days on the Market for all homes sold in September was 82. This is 6 days more than the average in August and 3 days more than the average in September 2013.
4%
82
79
SEPTEMBER 2014
SEPTEMBER 2014
SEPTEMBER 2013
82
0
10
20
30
40
50
60
70
80
90
100

5. MONTHS SUPPLY OF
INVENTORY
NORTHERN KY MLS
The number of Months Supply of Inventory at the end of September was 5.5 which is a 12% increase from August and a 13% decrease from September 2013.
5.5
6.3
13%
SEPTEMBER 2014
SEPTEMBER 2014
SEPTEMBER 2013
5.5
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0

6. Description
The Market Trend Report is distributed each month on or about the 15th. The Report is based on data provided by Terradatum from the local Northern Kentucky Multiple Listing Service and is not annualized. While MLS and Terradatum data are believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Data for prior periods is not being recalculated for this report.
Definitions
Median Sales Price is the median price of all residential properties sold during the month. Closed Transactions are the number of residential transactions closed during the given month. Days on the Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Months Supply of Inventory is the total number of residential properties listed for sale at the end of the month (active inventory) divided by the number of sales contracts signed (pended) during the month).