A publication of the Kentucky Center for Public Service Journalism

Home sales experiencing a decline in Kentucky; prices and inventory on the rise throughout the state

June home sales were at the lowest level for the month since 2014, with the number of transactions decreasing 5.4 percent compared to a year ago at 5,207 in 2018, versus 5,504 in 2017. Even with the decline, total home sales for the first half of 2018 are still on track to be the second highest ever for Kentucky. Through June, home sales reached 25,253, only 2.7 percent (or 697 total homes) below the...

Homes sold in Kentucky drop in May after a record-breaking April; sold total still on record pace

Kentucky’s housing market followed the national scene in May, with home sales decreasing 6.2 percent for the month compared to a year ago. Click to enlarge Even with the decline, total home sales were the second highest ever for the month, reaching 5,057, versus 5,395 in May 2016. Year-to-date, homes sales are down 2 percent with only 410 more homes sold across Kentucky in the first 5 months of 2016...

Real estate sales in Kentucky see first increase in 2018; April’s volume is the highest ever for the month

In a reversal of course and going against the national trend, Kentucky’s housing sales were up in April for the first time in 2018 and the first increase since October 2017. Click to enlarge Real estate sales reached 4,545, which is a 7.4 percent increase over April 2017 and an all-time high for the month. Year-to-date, homes sold are still down less than 1 percent over last year with only 79 less...

Home sales decline, but prices remain strong in Kentucky; lack of available inventory impacts market

Home sales in Kentucky did not follow the national trend in March, as transactions in the state were down 6.8 percent for the month compared to March 2017 (4,576 in 2017 versus 4,262 in 2018). Nationally, sales rose 1.1 percent. Even with the drop of 314 total sales, March 2018 was still the second highest on record, just edging out March 2006 when 4,106 homes were sold. Total homes sold for the month...

The real estate market in Kentucky is seeing a rise in home prices as sales are leveling off

The real estate market in Kentucky is seeing a rise in home prices for the first two months of the year while home sales have leveled off. The median price rose 5 percent year-over-year to $119,523 in February compared to $113,833 in 2017. In January, the median price was up 4.6 percent to $122,433. This compares to Kentucky’s median price for all of 2017 of $128,589. Nationally, the median home...

Strong sales, increasing home values, continued to drive the Kentucky real estate market in January

Coming off a record-breaking year in 2017, the real estate market in Kentucky continued its run of strong sales activity and increasing home values in January. Total home sales in January were the second highest on record at 3,024, only 27 sales shy (0.1 percent) of the 3,051 sold during the same month in 2017. January was only the 13th month in the past six years that sales dipped year over year....

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...

LBAR receives national grant for expanding housing opportunities through rent assistance project

The Lexington-Bluegrass Association of Realtors (LBAR) has received a $15,000 grant from the National Association of Realtors’ Housing Opportunity Program to support activities that create and expand affordable housing opportunities. LBAR also donated $1,500 to the project. Through the Rent & Deposit Assistant (RDA) Project, the grant will be used to pay a deposit and first month’s rent for...

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...

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...

For the first time since summer of 2015, monthly Kentucky real estate sales show a decline

For the first time since the summer of 2015, Kentucky real estate saw a decrease in monthly, year over year, home sales. The 2.2 percent decline in February (3,191 in 2017 versus 3,263 in 2016) comes at a time when housing inventories are at historical lows. The median price, however, remained strong, increasing over 5 percent to $114,298. “Last year, the market was really hot and properties moved...

Young Realtors of the Bluegrass active in charitable causes, receive national Network of Year award

Young Realtors of the Bluegrass, part of the Lexington-Bluegrass Association of Realtors (LBAR), has donated thousands to local charities, specifically during the holiday months. The group, with the help of several local real estate companies and LBAR members, sponsored 38 children as part of the Salvation Army Angel Tree program. Additionally, the group donated close to 50 new winter coats, hats,...