A nonprofit publication of the Kentucky Center for Public Service Journalism

Lack of homes for sale threatens record-setting year; median home price in Kentucky at all-time high

For only the second time in the last ten years June home sales did not top those of the previous month. June home sales have historically been three percent higher than that of May’s (of the same year). June saw a five percent drop in that figure as closings fell to 5,097 sold, down from 5,347 in May 2019. June’s figure was down year-over-year from last June by 2.4 percent. Strong spring sales...

Available homes for sale in Kentucky reach record low, May home sales second highest on record

If no more homes were placed on the market in Kentucky, it would take 3.1 months to sell everything in inventory at present. That figure is at the lowest point since it began being tracked by Kentucky REALTORS in 2013. Economists say that a healthy housing market has about a 6-month inventory level. In the Commonwealth, supply just can’t keep up with the increasing demand. The unfortunate side-effect...

Kentucky home sales not hampered by near record-low inventory; pricing comparable to 2018

The number of homes available for sale continues to slide in Kentucky. That figure sits at a near-record low of 3.5 months, which is the time it would take to sell off all listed homes if no others were added to the market. This fact hasn’t seemed to slow down sales just yet, however. April 2019 saw 4,581 homes sold which is up half a percent over April 2018’s figure of 4,552. Year-to-date, homes...

KY home sales virtually unchanged in March; first quarter pace foreshadows 2nd highest year on record

Dropping inventory continues to be the main concern as the Kentucky housing market continues to hum along at a near-record pace. (Click to enlarge) The first quarter of 2019 closed with 10,322 homes sold, down just one percent over the same period last year. Kentucky home sales in March were down less than a half-percent over March 2018 at 4,252. Existing-home sales retreated in March, following February’s...

February sees record home sales across Kentucky; median sale price up 7 percent over last year

Kentucky home sales in February soared six percent over the 2018 number. Units sold reached 3,323 which is the highest level since 2016 and sets a new record for February. Click to enlarge With larger numbers of homes selling early in the year, rebounding inventory numbers will take a temporary hit. Nationwide, existing-home sales also surged 11.8 percent which is the largest month-over month gain...

Kentucky housing market experiences second-highest year ever; most local areas saw growth

For the fourth year in a row, Kentucky’s real estate market set new sales records in most of the local market areas, despite the statewide number being just shy of besting the 2017 mark. Kentucky housing market update, year end, for 2018 The 2018 state tally swelled to 52,305 units sold, approximately 750 homes short of the 2017 mark of 53,058. Housing inventory and the time it took for homes to...