A nonprofit publication of the Kentucky Center for Public Service Journalism

LBAR’s October housing report: Cooler months heat up for Bluegrass real estate sales

Homes in Central Kentucky sold much quicker in October this year than in 2018. Days on market throughout the region fell 20 percent, with homes selling in an average of 41 days in 2019 versus 51 in October last year. More than 61 percent of all transactions occurred in less than one month with only 8 percent taking longer than four months. With homes selling so rapidly, and total sales surging, the...

Central Kentucky sees huge increase in home sales for September; buyer demand shrinks inventory

The start of the fall season has produced a robust real estate industry with the number of transactions in September skyrocketing. Sales were up 17 percent compared to last year, with total transactions for the month reaching 1,180, compared to 1,010 in 2018. September marks three consecutive months of year-over-year increases. Single-family home sales matched overall sales, rising 17 percent overall,...

Home sales continue to climb going into fall buying season; Central Kentucky’s August sales up 4%

The weather was hot in August and so was the real estate market in Central Kentucky. Sales were up 4 percent compared to last year, with total transactions in August reaching 1,389, compared to 1,339 in 2018. Single family home sales jumped 5 percent overall, 1,311 in August versus 1,252 in 2018. Condos/townhome sales dropped to 78 in August from 87 last year, a decrease of 10 percent. Year-to-date,...

Real estate sales bounce back in July; transactions increase 9 percent, second-highest monthly gain in 2019

After a minor slowdown in sales last month, real estate picked back up in July. Transactions increased 9 percent for the month, 1,405 in 2019 versus 1,294 in 2018, reaching the second-highest monthly gain for the year. For single family homes, sales increased from 1,217 in July 2018 to 1,318 this month, for an 8 percent increase, while condos/townhomes jumped 13 percent, from 77 last July to 87 in...

June housing report for Central Kentucky shows slower sales; total transactions slip four percent

Real estate sales in Central Kentucky slowed in June with total transactions slipping 4 percent year-over-year. This was the first monthly decline since January and follows a double-digit increase in sales from last month. Sales reached 1,322 in June versus 1,380 in 2018. Single family homes were down 3.6 percent in June versus last year while condos/townhomes dropped by 12 percent. The condo/townhome...

Lexington-Bluegrass Association of REALTORS saw home sales rise for second time in 2018

Total real estate sales by members of the Lexington-Bluegrass Association of REALTORS (LBAR) increased in August for the second time in 2018. August sales activity ticked up 2.1 percent with 1,339 sales reported compared to 1,311 sales reported in August 2017. Single-family home sales were 1,252 in 2018, an increase of 1 percent over the 1,238 homes sold in August 2017. Townhouses and condos saw a...

LBAR records $269.2 million in real estate sales in July; sales down four percent from 2017

Real estate sales by members of the Lexington-Bluegrass Association of Realtors positively impacted the Bluegrass economy as of July 31 with 1,294 reported sales totaling $269,237,011. July sales activity decreased four percent with 1,353 sales reported closed in July 2017 compared to 1,294 sales reported closed in July 2018. Of the 1,294 sales, 301 sales were to first-time homebuyers and 172 sales...

LBAR announces $1.29 billion in Bluegrass real estate sales in first half of 2018

Real estate sales by members of the Lexington-Bluegrass Association of Realtors positively impacted the Bluegrass economy as of June 30 with 6,418 reported sales totaling $1,288,808,869. “Although the number of total closed units is down, we have seen an increase in overall closed sales volume,” said 2018 LBAR president John Groft. “This is largely a factor of the six percent increase...

Lexington-Bluegrass Association of REALTORS announces $259.3 million in sales in May

Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy with 1,281 reported sales totaling $259,263,788 during the month of May. According to 2018 LBAR President John Groft, “Inventory and days on market both continue to skim along at historic lows, while buyer demand is creating competitive purchase offer situations that...

Lexington-Bluegrass Association of Realtors announces $216.8 million in real estate sales in April

Real estate sales by members of the Lexington-Bluegrass Association of Realtors positively impacted the Bluegrass economy with 1,085 reported sales totaling $216,846,681 during the month of April. “As with last spring, the home-purchasing season is competitive this year,” said John Groft, president of LBAR. “Demand is still strong, especially in light of rising mortgage rates. Savvy consumers...

LBAR announces $215.6 million in Fayette County real estate sales in first quarter 2018

Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Fayette County economy in first quarter 2018 with 920 reported sales totaling $215,628,456. Sales continue to be a driving force in Fayette County economy. Residential sales decreased 12 percent from 1,050 sales reported in first quarter 2017 to 920 sales reported in first quarter...

Lexington-Bluegrass Association of Realtors reports $140 million in sales for month of January

Real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) positively impacted the Bluegrass economy as of January 31, 2018 with 728 reported sales totaling $140,105,368. (Click for larger image) January sales activity decreased six percent with 776 sales reported closed in January 2017 compared to 728 sales reported closed in January 2018. Of the 728 sales, 178 sales were...

University of Kentucky to hold 29th annual Economic Outlook Conference Feb. 6 at Gatton College

By Carl Nathe Special to KyForward Will the bullish stock market of the past year continue throughout the rest of 2018? Is the outlook positive or negative for Kentucky’s economy? What impacts will the newly enacted federal tax policy have on government spending? Questions like these and many more will be addressed by a panel of experts on Tuesday, Feb. 6, as the University of Kentucky hosts the...

LBAR reports 5,328 sales in Fayette County in 2017 for a total of $1.2 billion, driving force in economy

Residential real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) positively impacted the Fayette County economy in 2017 with 5,328 reported sales totaling $1,231,435,452. Sales continue to be a driving force in Fayette County economy. 

Residential sales decreased three percent from 5,501 sales reported in 2016 to 5,328 sales reported in 2017. The median sales...

Lexington Habitat for Humanity receives $46,800 donation to fund Home Repair Program

Rusty Underwood, RCHF director and Rachel Childress, CEO of Habitat for Humanity The Realtor-Community Housing Foundation has donated $46,800 to Lexington Habitat for Humanity. The funds are to be used for Habitat’s Home Repair Program for projects that are currently not under contract due to no funds. Habitat for Humanity aligns with the Realtor-Community Housing Foundation’s goal to empower...

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...

LBAR announces $215.7m in Bluegrass real estate sales in October, six percent over last year

Real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) positively impacted the Bluegrass economy as of end of October with 1,115 reported sales totaling $215,717,605 October sales activity increased six percent with 1,050 sales reported closed in October 2016 compared to 1,115 sales reported closed in October 2017.  Of the 1,115 sales, 257 sales were to first-time homebuyers...

August real estate sales down by 2 percent in the Bluegrass region, LBAR reports

The Lexington-Bluegrass Association of Realtors (LBAR) reported sales of $258,834,805 for the month of August on 1,311 transactions. August sales activity decreased two percent with 1,338 sales reported closed in August 2016 compared to 1,311 sales reported closed in August 2017. Of the 1,311 sales 276 sales were to first time homebuyers and 136 sales were to out of state buyers. Residential sales...

Lexington-Bluegrass Association of Realtors records $280.6 million in real estate sales in July

Real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) reported 1,353 reported sales as of July 31 totaling $280,628,825. July sales activity increased 10 percent with 1,230 sales reported closed in July 2016 compared to 1,353 sales reported closed in July 2017. Of the 1,353 sales, 288 were to first-time homebuyers and 153 sales were to out of state buyers. Residential...

Lexington-Bluegrass Association of Realtors announces $1.28 billion in sales in first half of 2017

The Lexington-Bluegrass Association of Realtors (LBAR) reported 6,718 reported sales totaling $1,282,242,347 in the period ending June 30. “The first half of 2017 has been strong with total sales activity up five percent and new listings up four percent,” said LBAR President Ty Brown. “Sellers who sold enjoyed lower days on market with single-family sales at an average of 58 days...