Total real estate sales volume rose 8% through the first half of the year to over $2.1 billion, up from $1.9 billion in 2024. In June, total sales topped $461 million compared to $414 last year, an increase of 11%. This is a result of both a rise in sales and the continued upward pressure on the region’s median home price.
June recorded an all-time high in median price at $299,900. The monthly total is a 3% increase over the $290,000 median in 2024 but less than a 1% bump from the previous month of $298,100, which was the previous record. The data now shows 76 consecutive months of year-over-year price appreciation. For the year, median prices are up 4%, reaching $282,000 for the first six months of the year.
Single-family home prices in June rose 3% to $300,000, the first-time prices eclipsed that mark. That is compared to $292,000 last year. Townhouse and condo prices jumped 6% to $260,500 from $245,000 in 2024.
“Prices continue to climb throughout the Bluegrass region and most homeowners are seeing increased equity through their property investment,” said Todd Hyatt, president of Bluegrass Realtors®. As a result, those who are looking to sell in the current environment should experience healthy gains when they close on their properties.”
Home sales in June surged year-over-year, with an 8% increase, hitting 1,328 transactions from 1,234 in 2024. Compared to the previous month, sales slid 1% as the May figure was slightly higher with 1,343 sales.
Single-family sales in June saw a 6% increase, with 1,237 homes sold compared to 1,163 last year. Townhouse and condo sales jumped 28%, from 71 units in 2024 to 91 this year. Townhouses and condos represented just over 7% of the market.
For the year, sales remained up 3% with 6,441 sales through the first half of the year compared to 6,270 sales in 2024.
New construction sales continued to outperform last year. In June, sales surged to the fourth highest level in 59 months and the fifth highest total since late 2009. The 138 sales in June represented a 7% year-over-year increase, compared to 129 last year.
Pending sales increased in June for the fourth consecutive month as homes under contract jumped 13% year-over-year with 1,387 compared to 1,223 last year. Although June did end a five-month streak of month-over-month increases, pending sales were the second highest seen in 3 years. On the year, pending sales are up 6% with 7,433 properties that have gone under contract.
“All of the major housing categories are up in June which hasn’t happened in a while,” stated Hyatt. “That coupled with other market conditions, and we aren’t seeing any signs of a market slowdown in the near future. Buyers have an opportunity to start building wealth as so many others have done.”
New listings extended into a five-month stretch of year-over-year increases with a 4% jump in June compared to last year. In total, 1,847 properties hit the market in 2025 compared to 1,776 in 2024. The number of new properties coming online also rose 4% from last month’s 1,781 listings. Year-to-date, new listings are up 6% with 9,842 homes being added to the market versus 9,294 last year.
June recorded the 20th consecutive month of year-over-year growth in available housing inventory. There were 3,739 homes listed for sale in 2025, compared to 3,242 last year, representing a 15% increase. Inventory has remained above the 3,000 mark for 13 months and marked the highest June total since 2019. From the previous month, inventory was up 2%.
Unsold inventory in June came in at 2.8 months available, a slight increase from 2.7 months in May, or up 4%. Compared to a year ago, months of inventory jumped 8% from 2.6 months. June marked the 38th consecutive month of year-over-year months of inventory growth.
The number of days that homes are taking to sell in June decreased for the second straight month and hit the lowest level since October 2024. The average days on market (DOM) dropped to 40 days, a 7% decrease from 43 days last month. However, compared to June last year, the number of days is up 13% when it was 31 days. June marked the tenth consecutive month of year-over-year gains. The median DOM climbed to 14 days in June, up from 9 days in 2024.
“Although homes are remaining on the market a little longer today than they were at this time last year, the trend is starting to show that buyers are moving on properties faster now than they did earlier this year” added Hyatt. “Demand is picking back up and homes priced correctly are not sitting on the market as long as they were a few months ago.”
The average interest rate rose in June stayed at 6.82%, the same as the previous month, but was down slightly from 6.92% last year. The Fed has not lowered its rate in 2025, and the latest news is predicting a steady mortgage rate in 2025 on par with where it stands currently.
As the region’s leading advocate for homeownership, Bluegrass Realtors® understands the value and joy of owning a home. The Association represents more than 4,000 Realtors® located in 38 counties: Anderson, Bath, Bell, Bourbon, Boyle, Casey, Clark, Clay, Elliott, Estill, Fayette, Franklin, Garrard, Harrison, Henry, Jackson, Jessamine, Knox, Laurel, Lee, Lincoln, Madison, McCreary, Menifee, Mercer, Montgomery, Nicholas, Owsley, Powell, Pulaski, Rockcastle, Rowan, Russell, Scott, Shelby, Wayne, Whitley and Woodford counties. Visit www.bluegrassrealtors.com for up-to-the-minute real estate listings and buying and selling resources.