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 Realtors 2018 legislative priorities includes tax reform, community development initiatives

Kentucky Realtors released its 2018 Legislative Priorities detailing the legislative initiatives of the real estate and small business community for the upcoming session of the Kentucky General Assembly. Kentucky Realtors (KYR) knows that homeownership has positive impacts on neighborhoods, communities, and the overall vibrancy of the Kentucky economy. KYR advocates for policies that increase access...

Kentucky home sales down in September, but remain positive for the first three quarters

Kentucky saw home sales decrease in September, but remained positive for the first nine months of the year. Total home sales in September were down 4.6 percent, reaching 4,602 in 2017 versus 4,823 in 2016. For the quarter, homes sold hit 14,860 this year, slightly above the 14,777 sold in 2016. Year-to-date, home sales are still on a record breaking pace with a 3.1 percent increase, with 40,809 homes...

Bowling Green’s Cline installed as president; state award winners recognized at KAR Convention

Kentucky Realtors (KYR), one of the state’s largest professional associations representing more than 10,600 members, elected and installed its 2018 Board of Directors and leadership during the 95th Annual KYR Convention in Cincinnati, Ohio. Cline Steve Cline, a member of the Realtor Association of Southern Kentucky (RASK) in Bowling Green, was installed at the Convention as the 2018 President of...

Kentucky real estate market remains strong through first half of 2017; home sales ahead of last year

In the first six months of 2017, Kentucky’s real estate market remained strong in every category tracked, according to Kentucky Realtors. Total home sales continue to exceed the totals seen through the same period in 2016 with an increase of 4.7 percent, from 24,786 in 2016 to 25,943 in 2017. Housing inventory for the first half of 2017 reached a cumulative 6-month low of 4.32 months, down 17.4...

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...