A nonprofit publication of the Kentucky Center for Public Service Journalism

Kentucky housing market on pace for second highest year as housing inventory continues to dwindle

Kentucky home sales in November are down just one-quarter of one percent from 2017. Units sold topped out at 3,909 homes which is just 10 units shy of last year’s mark of 3,919. The 2018 housing market is almost as strong as last year’s record-breaking mark. 2018 numbers now sit at 48,615 units sold compared to 2017’s tally of 49,167, down j1.1 percent. Nationwide existing-home sales increased...

Kentucky REALTOR Ring Day brings in more that $13m for Salvation Army through statewide effort

Kentucky REALTORS has announced that the state-wide participation total for the first annual Kentucky REALTOR Ring Day reached $13,102.75. This total is cumulative from nine cities across the Commonwealth. Nearly half of the state-wide total came from Paducah where a donation match brought the Paducah Board of REALTORS area total to just over $6,000. KYR President, Steve Cline, was encouraged that...

Kentucky home sales rebound in August, second-highest monthly sales since June of last year

Kentucky home sales followed the national trend by rising in August and reaching 5,485 transactions. This is a 4.3 percent increase over August 2017 and the second highest monthly sales for the state since June 2017. For the year, home sales are trailing 2017 by just 1.02 percent, with 35,838 transactions through the first eight months of the year (36,208 sales were recorded in the same period 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...

Real estate sales in Kentucky see first increase in 2018; April’s volume is the highest ever for the month

In a reversal of course and going against the national trend, Kentucky’s housing sales were up in April for the first time in 2018 and the first increase since October 2017. Click to enlarge Real estate sales reached 4,545, which is a 7.4 percent increase over April 2017 and an all-time high for the month. Year-to-date, homes sold are still down less than 1 percent over last year with only 79 less...

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...

The real estate market in Kentucky is seeing a rise in home prices as sales are leveling off

The real estate market in Kentucky is seeing a rise in home prices for the first two months of the year while home sales have leveled off. The median price rose 5 percent year-over-year to $119,523 in February compared to $113,833 in 2017. In January, the median price was up 4.6 percent to $122,433. This compares to Kentucky’s median price for all of 2017 of $128,589. Nationally, the median home...

Strong sales, increasing home values, continued to drive the Kentucky real estate market in January

Coming off a record-breaking year in 2017, the real estate market in Kentucky continued its run of strong sales activity and increasing home values in January. Total home sales in January were the second highest on record at 3,024, only 27 sales shy (0.1 percent) of the 3,051 sold during the same month in 2017. January was only the 13th month in the past six years that sales dipped year over year....

Kentucky real estate market sets record for third straight year despite issues with available inventory

For the third year in a row, Kentucky’s real estate market set new records in a number of areas despite inventory issues that kept many buyers on the sidelines for much of the year. Click on images to enlarge Total home sales reached in 2017 were the highest ever recorded in the state at 53,058, a 1.8 percent increase over the 52,129 sold in 2016. Kentucky Realtors (KYR) reported that over the past...

Bowling Green’s Cline installed as president; state award winners recognized at KAR Convention

Kentucky Realtors (KYR), one of the state’s largest professional associations representing more than 10,600 members, elected and installed its 2018 Board of Directors and leadership during the 95th Annual KYR Convention in Cincinnati, Ohio. Cline Steve Cline, a member of the Realtor Association of Southern Kentucky (RASK) in Bowling Green, was installed at the Convention as the 2018 President of...