A total of 2,862 homes were sold in Kentucky during October, down 32.5% from the previous month and down 30.6% from one year earlier.
According to data from Kentucky Realtors, there were 4,641 new listings last month, down 28.2% from September and down 21.8% for October 2024. The state had a 6.1-months’ supply of housing and the average days on the market was 19.
October’s median sales price of $270,000 held steady from the previous month and was up 1.9% from one year earlier.
“It isn’t uncommon for us to see real estate statistics trend downwards near the end of the year,” said Kentucky Realtors President Barb Curtis. “However, with a total sales volume over $900 million – well above the national average of $810 million – Kentucky’s real estate market remains strong and active.”
“Despite seasonal real estate trends, buyers across the Commonwealth should continue to engage in the market with confidence,” added Kentucky Realtors CEO Josh Summers. “Interest rates have decreased again, and the months of inventory available indicate a steady market. Now is the time to buy in Kentucky.”
Photo: AndreyKrav / Getty Images
