Demand for Central Kentucky real estate is still on the rise going into the summer months. Total home sales surged 10 percent in May, hitting 1,412 total transactions in 2019 versus 1,281 in May 2018. This is the highest monthly total since June 2017 and marks the fourth straight month for year over year increases. Single family homes were up 9 percent in May versus last year while condos/townhomes jumped an impressive 25 percent. The condo/townhome market makes up just under 10 percent of all transactions for the Association. Year-to-date, total home sales are up 6 percent, reaching 5,260 total transactions in 2019 compared to 4,975 in 2018. Nationally, homes sales were down just over 1 percent in May from a year ago.
The warmer weather has been good to the real estate market in Central Kentucky. Total home sales spiked in April by 9 percent, hitting 1,180 total transactions in 2019 versus 1,085 in April 2018. This monthly total is the highest since August 2018 and the most in April for the Association. April marks the third straight month for year over year increases. Single family homes are sustaining the market with an 11 percent increase in April while condos/townhomes are down 21 percent. Year-to-date, total home sales are up 5 percent. Nationally, homes sales were down over 4 percent in April from a year ago.
Central Kentucky region’s real estate market continues to flourish. Many of the major economic indicators point to this continuing through the remainder of the year - a powerful combination of low mortgage rates, increasing inventory, rising incomes and higher consumer confidence. This has translated into increased local activity in the market, even as national home sales slowed.
Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Bluegrass REALTORS® (Bluegrass REALTORS®) announced its $2,000 investment in the Kentucky Capital Development Corporation. Over the past 15 years, Bluegrass REALTORS® has made available over $500,000 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 $25,000 investment in Commerce Lexington Economic Development. Over the past 15 years, Bluegrass REALTORS® has made available over $500,000 to promote economic development across central Kentucky, and over $300,000 in Fayette County alone.
Housing sales in the Bluegrass region picked up in February, jumping 15 percent over the same month in 2018. The 805 sales recorded by the Bluegrass REALTORS® (Bluegrass REALTORS®) in February marked the highest number ever for the month, beating last year’s home sales of 700. Townhouse/condo sales dropped 19 percent year-over-year, from 59 to 48 units sold, however, single family home sales rose from 641 to 757, an increase of 18 percent for the month. February sales increased over 16 percent from the previous month. Year to date, home sales are up 5 percent over 2018, increasing by 68 transactions to hit 1,515 total sold
Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Bluegrass REALTORS® (Bluegrass REALTORS®) announced its $2,000 investment in the Cynthiana/Harrison County Economic Development Authority. Over the past 15 years, Bluegrass REALTORS® has made available over $500,000 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 Morehead-Rowan County Economic Development Authority. Over the past 15 years, Bluegrass REALTORS® has made available over $500,000 to promote economic development across central Kentucky.
