Northern Kentucky Real Estate Market Report
July 2025 Performance Report • NKAR Statistics
Northern Kentucky Real Estate Market Analysis
The Northern Kentucky real estate market demonstrated exceptional performance through the first seven months of 2025, with 3,135 properties successfully sold at an average price of $351K and a strong 21% of sales exceeding original asking prices. Market efficiency remained robust with properties averaging just 35 days on market, reflecting strong buyer demand and effective pricing strategies across the tri-county region.
Data Source: MLS® data covering Campbell, Boone, Kenton with 4,584 total records from January 1 - July 31, 2025. All figures represent residential transactions and reflect real market conditions.
Market Context: Current inventory reflects balanced market dynamics with 813 active listings and 636 properties under contract, indicating healthy transaction flow. Monthly sell-through rates consistently exceeded 80% through June, with July's 66% rate reflecting typical seasonal inventory expansion as new listings increased by 16% over June levels.
🏆 Market Performance Spotlight
Northern Kentucky achieved outstanding momentum with February's exceptional 97% sell-through rate and April's robust 93% performance. Market velocity accelerated through spring with days on market declining to just 26 days in June, while competitive pricing drove peak over-asking activity of 132 properties in May, demonstrating sustained buyer confidence and market strength.
🏘️ Geographic Market Leaders
Covington dominated regional activity with 405 closed sales and 583 total market engagements, followed by Florence's strong 370 sales performance. Union established itself as the premier new construction destination with 175 newly built properties while maintaining robust resale velocity with 315 closed transactions. Independence and Alexandria demonstrated consistent market depth with 236 and 178 sales respectively, showcasing the region's broad-based strength across multiple submarkets.