Skip to main content

Kentucky Housing Market Sales at Record High

Phil Hall
Jan 31, 2018
Kentucky’s residential real estate market set new records for a third year in a row, according to data from Kentucky Realtors

Kentucky’s residential real estate market set new records for a third year in a row, according to data from Kentucky Realtors.
 
Total home sales in the Bluegrass State during 2017 reach a new high at 53,058, a 1.8 percent increase over the 52,129 sold in 2016. The total volume of all homes sold in Kentucky, which broke the $9 billion mark for the first time in 2016, nearly hit $10 billion in 2017 with $9.8.3 billion in sales, a 7.1 percent increase for the year. The median price in Kentucky jumped to $128,589 for the year compared to $122,166 for 2016, an increase of 5.3 percent and a record high for a year. However, inventory remained a problem, hitting a two-decade low. At the end of the year, housing inventory across Kentucky was up 2.4 percent from 2016, hitting 4.3 months.
 
“The low inventory we face in the state and around the country has stymied those who want to become first-time homebuyers, as well as the move-up seller,” said Steve Cline, 2018 President of the Kentucky Realtors. “There continues to be huge housing demand from qualified buyers at all price points. Indications show that housing inventory is improving going into 2018, so this will open up supply and allow for buyers and sellers to enter the market.”
Published
Jan 31, 2018
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021
Fathom Holdings Inc. Creates New Hispanic Division

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

Industry News
Jul 07, 2021