A nonprofit publication of the Kentucky Center for Public Service Journalism

Real estate sales spike to record high in July despite low inventory in Central Kentucky region

Despite record-low levels of homes for sale in the Central Kentucky region, real estate sales spiked to a new record high. Sales hit 1,583 in July, up 13 percent year-over-year when sales tallied 1,405, and up the same percent from the previous month. The monthly total was up 11 percent when compared to the previous sales record from June 2017 when sales topped out at 1,428. July’s total marks two...

Property inventory remains low as real estate sales rebound, indicating a strong summer ahead

The spring real estate season finally arrived but waited until the summer to finally heat up. After two consecutive months of year-over-year declines in home sales due to the ongoing pandemic, June real estate closed transactions jumped by 7 percent to 1,408 total residential sales, compared to 1,322 in 2019. This marks the fifth highest month on record for total real estate sales. Year-to-date, real...

Pending real estate sales surge in May, signals strong summer market; traffic resumes as economy opens

Pending sales in May reversed course from a month prior. April saw pending sales down 16 percent year over year, while May saw pending sales jump 8 percent, with 1,634 properties under contract, an all-time high, compared to 1,517 in 2019. This is a positive sign for how the summer months may play out for the real estate market. The volume of transactions that are under contract for the month comes...

Real estate sales pause during spring season; buyer demand remains strong with rebound in foot traffic

For the first time since June of 2019, real estate sales in the region experienced a decline year-over-year, with the current pandemic and the ongoing inventory issues creating a ripple in the market. Total sales in April were down 18 percent over last year, with 968 transactions in 2020 compared to 1,180 in 2019. Single-family home sales dropped 19 percent, with 906 sales compared to 1,114 last year....

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 records $140 million in real estate sales in February

Real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) positively impacted the Bluegrass economy for the month of February 2018 with 700 reported sales totaling $140,242,191. February sales activity decreased 12 percent with 794 sales reported closed in February 2017 compared to 700 sales reported closed in February 2018. Of the 700 sales, 152 sales were to first time...

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...

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...

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...

Year-to-date Bluegrass real estate sales increased by seven percent over 2016 figures

The Lexington-Bluegrass Association of Realtors announced that regional sales totaled $206.6 million in April 2017, a figure that includes 1,071 reported sales. The year-to-date 2017 total sales increased seven percent from 3,550 sales to date in 2016 to 3,786 sales to date in 2017. The year-to-date 2017 residential single family sales increased six percent from 3,328 sales to date in 2016 to 3,515...

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...

Bluegrass region real estate sales topped $129 million in February, up three percent

Real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) totaled $129,628,737 on 794 sales, as of Feb. 28, 2017. According to LBAR President Ty Brown, “With an increase in February sales by three percent, market challenges remain, but the housing market is off to a prosperous start as homebuyers hold off inventory levels. February had 4.6 months of inventory, a decline...

Real estate sales in central Kentucky exceeded $139 million on 776 sales during January

Real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) positively impacted the Bluegrass economy as of Jan. 31, 2017 with 776 reported sales totaling $139,415,451. According to 2017 LBAR President Ty Brown, “January sales are off to a good start for 2017, indicating that the housing market is heading into the new year in solid shape. Pending inventory remains to...