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Thursday, May 14, 2009

Ft Thomas Real Estate Market Update

I received the latest Robinson Realty email today and they indicate 14 home sales in Fort Thomas in April. This is the most in months as it has been averaging 9/month. These numbers were generally confirmed by Your Town Realty's new data tool. It is difficult to determine whether this is a typical seasonal bump or a real improvement in the market. The average sales price is a little low potentially indicating some distressed sales (I noticed 1 sale at $35,000). Most people I have spoken with lately have seen some encouraging signs with an increase in first time buyers. Zillow is also indicating that prices are holding up well in Fort Thomas.

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