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.
Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Bluegrass REALTORS® (Bluegrass REALTORS®) announced its $2,000 investment in the Lawrenceburg-Anderson County Economic Development Authority. Over the past 15 years, Bluegrass REALTORS® has made available over $500,000 to promote economic development across central Kentucky.
The new year brought with it several indicators that 2019 may be a turnaround period for housing supply in the central Kentucky region. The months of inventory in January jumped over 24 percent from December 2018 and 13 percent year-over-year, reaching 5.1 months in January 2019. In addition, January had 106 more new listings this year than last year, a 9 percent increase, and 456 more new listings than in December, a 56 percent increase. Nationally, housing inventory is still much lower than in central Kentucky, landing at 3.9 months in January. However, that is up from 3.4 months of supply in January 2018.
