Kentucky recorded 4,581 home sales in August, a 4.23% decline from the prior month but also a 5.9% year-over-year increases.
According to data from Kentucky Realtors, the state recorded 6,320 new listings last month, an 8.71% decline from July and a 0.8% uptick from August 2024. There was a 3.54-months’ inventory supply in August while the average days on the market was 16, up by two days from the previous month and up by three days from one year earlier.
The median sales price of $277,490 marked a 0.89% dip from July and a 4.7% rise from August 2024. The total sales volume of $1.46 billion was down 6.95% month-over-month and up 8.6% year-over-year.
“As fall approaches, we are beginning to see seasonal real estate fluctuations die down. However, the market remains strong with well over $1 billion in total sales in August,” Kentucky Realtors President Barb Curtis said. “With the expectation that interest rates will decrease this month, and given the current state of the market, buyers across the Commonwealth are in a great position. We’re already seeing Kentuckians taking this into account when searching for properties.”
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