Kentucky housing market bounces back in October after September slump, follows national trend

After slipping a bit in September, the housing market in Kentucky picked up in October following the national trend for the month. The number of homes sold in October rose 1.8 percent to 4,421 sold versus 4,342 sold in 2016. For the year, the number of homes sold jumped to 45,236, up from 43,905 in 2016, for a 3 percent increase. At this pace, 2018 is on track to break last year’s record for the...

Kentucky home sales continue to climb; May sees increase in sales, slight drop in price

Real estate sales in Kentucky continue to exceed the totals seen through this time in 2016. Total home sales in May increased 8.6 percent, from 4,963 in 2016 to 5,391 in 2017, the first time sales have pushed over 5,000 in May. Housing inventory in May reached an all-time low at 3.5 months, down 14.6 percent from May of 2016. “The fact that inventory remains so low and sales continue to grow shows...

Strong first quarter for state real estate market; home sales increase 8.6 percent, median price ticks up

Overcoming a few dips in the first three months of the year, the Kentucky real estate market finished the first quarter on the upswing. Total home sales rose 8.6 percent, from 9,946 in 2016 to 10,805 in 2017, during the first quarter of the year. The increase comes at a time when the time it takes for a property to sell dropped 22 days, or almost 15 percent, from the same period last year. Housing...

Record breaking year for Kentucky housing market; total home sales highest ever recorded

After a record breaking year in 2015, Kentucky’s number of homes sold set new highs in 2016. Total home sales were the highest ever recorded in the state at 52,123, an 8 percent increase over the 48,259 sold in 2015. The Kentucky Association of Realtors (KAR) reported that over the past five years, home sales increased monthly, year-over-year, in all but seven months. In both November and December,...