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,...