Kentucky Housing Market Update 2018
Even with the decline, total home sales were the second highest ever for the month, reaching 5,057, versus 5,395 in May 2016. Year-to-date, homes sales are down 2 percent with only 410 more homes sold across Kentucky in the first 5 months of 2016 than this year.
Median Home Price of $133,856, up 2.5 percent from May 2016 when prices were $130,569. For the year, Kentucky’s median was up just over 6 percent to $128,845 versus the 2016 median of $121,471. The in-state median for May was the fifth highest month ever recorded and the highest ever for May. Nationally, the median home price topped $264,000, an all-time high and up almost 5 percent from May 2017 when it reached just over $252,000.
Information provided by Kentucky Association of REALTORS