A nonprofit publication of the Kentucky Center for Public Service Journalism

Real estate market remains optimistic amid onset of coronavirus; spring housing market may be delayed

The impact on Central Kentucky real estate through March was minimal, however, the region may see a delayed spring market as the crisis takes its toll on the economy. In March, real estate sales posted a 4 percent increase in total sales over last year, with 1,133 transactions in 2020 compared to 1,088 in 2019. For the first quarter of the year, total sales ended up 10 percent over the same period...

Home sales remain at record levels in February; market uncertainty may affect spring sales

Real estate sales tallied the highest February numbers ever recorded in 2020. At 881 transactions, this year saw a 9 percent gain over the 805 home sales in February 2019. For the year, sales are up 14 percent after a record setting January. With 1,733 total residential sales year-to-date, 2020 is off to a great start. Single-family home sales saw an increase in sales of 8 percent, with 819 total...

Home sales skyrocket to record levels in December, demand remains strong in Central Kentucky

Home sales surged in December, jumping 19 percent over 2018, to bring 2019 to a close as the highest year on record for real estate transactions. With 1,054 sales in the last month of the year, versus 887 in 2018, total sales for 2019 ended at 14,153, up 7 percent over the 13,278 sold last year. Single-family home sales saw an increase in sales of over 19 percent for the month, with 994 total sales...

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...