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Monday, August 31, 2009

Fort Thomas Housing Market Update


While the graphic above may look abysmal there is some rays of light in the Fort Thomas housing market. July housing stats show a huge turnaround locally with 25 sales in July and another 21 in August at an average sale price of nearly $230,000 and $215,000 respectively. This is an amazing rebound for only 28 sales in the entire second quarter. Median prices have also held up well in the $175,000 range which seems to indicate that our area has managed to avoid many of the REO fire sales that has depressed prices in other neighboring communities.

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