First-time buyers have helped push Cincinnati home sales above year-ago results, while Northern Kentucky sales have remained stable. The positive trend is being largely attributed to the $8,000 first-time home buyer tax credit.
Gross volume has grown, while average sale prices have dropped slightly over the same time period. But the trends of higher sales volumes have continued in the Cincinnati region for four consecutive months which has helped reduce the duration of homes on the market from 9.7 to 7.4 months.
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