A publication of the Kentucky Center for Public Service Journalism

Kentucky home sales inch up for the second time in 2018; days on market reach lowest on record

Kentucky home sales rose in July for only the second time this year, reaching 5,072 transactions, a 1.4 percent increase over the 5,000 sold in July 2017. For the year, home sales are trailing 2017 by almost 2 percent, with 30,354 transactions through the first seven months of the year (30,950 sales were recorded in the same period for 2017). Click to enlarge Nationally, home sales have fallen for...

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...

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...

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,...