Even as the median asking price of Prospect Ky homes for sale remains remarkably stable at $500,000, inventory levels have been dropping fairly consistently over the past several months. There are now currently about 40 or 45 fewer homes for sale in Prospect than there were just six months ago. While that doesn't sound like too many, Prospect only had about 275 homes on the market in June and a drop of 45 units represents almost a 20% drop. It would be nice for home sellers in Prospect if this drop in inventory was accompanied by a rise in sales prices, or a shortening of time on the market, but that is not the case. It simply appears that the market is still quite soft, and many sellers have simply decided to take their homes off the market as winter approaches.
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