Kentucky Real Estate Summary

The Kentucky real estate market is slow and steady.  The activity has slowed, but the prices remain good statewide.  Jobs are up and unemployment is down, making for a stable economy and many Kentucky relocations.  The cost of living remains very affordable across the state, and educational standards are improving, making Kentucky a great place for families.

Lexington real estate is in a slow market.  The houses are selling for an average price of $169,000, which is less than a 5% increase over last year´s prices.  Even though the market has more buyers than sellers, houses are on the market for 90 to 120 days before any offers come in.  The sale price is within 95% of the original asking price.  Lexington is growing because of industry jobs newly created.

Louisville real estate is in an increasing market.  There are more sellers than buyers, but houses are only on the market for 30 to 60 days before selling.  The average sale price is $210,000, which is 95% of the original sale price.   Houses that are listed for under $200,000 are selling much faster and usually within two weeks.