Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Bluegrass REALTORS® (Bluegrass REALTORS®) announced its $2,000 investment in the Corbin Economic Development Agency. Over the past 16 years, Bluegrass REALTORS® has made available over $550,000 to promote economic development across central Kentucky.
Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Bluegrass REALTORS® (Bluegrass REALTORS®) announced its $2,000 investment in Mt. Sterling-Montgomery County Industrial Authority. Over the past 16 years, Bluegrass REALTORS® has made available over $550,000 to promote economic development across central Kentucky.
Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Bluegrass REALTORS® (Bluegrass REALTORS®) announced its $2,000 investment in the Woodford County Economic Development Authority. Over the past 16 years, Bluegrass REALTORS® has made available over $550,000 to promote economic development across central Kentucky.
Homes in Central Kentucky sold much quicker in October this year than in 2018. Days on market throughout the region fell 20 percent, with homes selling in an average of 41 days in 2019 versus 51 in October last year. Over 61 percent of all transactions occurred in less than one month with only 8 percent taking longer than 4 months.
The start of the fall season has produced a robust real estate industry with the number of transactions in September skyrocketing. Sales were up 17 percent compared to last year, with total transactions for the month reaching 1,180, compared to 1,010 in 2018. September marks three consecutive months of year-over-year increases.
The weather was hot in August and so was the real estate market in Central Kentucky. Sales were up 4 percent compared to last year, with total transactions in August reaching 1,389, compared to 1,339 in 2018. Single family home sales jumped 5 percent overall, 1,311 in August versus 1,252 in 2018. Condos/townhome sales dropped to 78 in August from 87 last year, a decrease of 10 percent. Year-to-date, sales are up 4 percent, with a total of 9,509 total transactions in 2019 compared to 9,128 in 2018.
After a minor slowdown in sales last month, real estate picked back up in July. Transactions increased 9 percent for the month, 1,405 in 2019 versus 1,294 in 2018, reaching the second highest monthly gain for the year. For single family homes, sales increased from 1,217 in July 2018 to 1,318 this month, for an 8 percent increase, while condos/townhomes jumped 13 percent, from 77 last July to 87 in 2019. Year-to-date, sales are up 4 percent, climbing to 8,055 transactions for 2019, compared to 7,746 in 2018.
Real estate sales in Central Kentucky slowed in June with total transactions slipping 4 percent year-over-year. This was the first monthly decline since January and follows a double digit increase in sales from last month. Sales reached 1,322 in June versus 1,380 in 2018. Single family homes were down 3.6 percent in June versus last year while condos/townhomes dropped by 12 percent. The condo/townhome market made up just over 6 percent of all transactions for the Association.
