Real estate sales in Kentucky's Commonwealth reached a staggering $1.43 billion as per a recent report by local realtors.
The Kentucky real estate market has seen a significant surge in May 2025, as the median home price for single-family homes reached an all-time high of $275,000, according to data from participating Kentucky Realtors member boards.
This peak in May surpassed the previous months of April ($255,000) and March ($260,000) 2025, marking a steady upward trend in home prices throughout the year. The strong demand and quick sales turnover indicate a robust and active market in the state.
Josh Summers, CEO of Kentucky Realtors, highlighted the increase in both new listings and listings sold, along with the continuous rise in overall sales volume, as evidence of the market's strength across the Commonwealth. In May 2025, the total sales volume reached $1.43 billion, a 13.5% increase compared to the previous month.
The Purchasing Power Calculator, a tool provided by Kentucky Realtors, allows buyers to explore how changes in income, down payment, or interest rates could affect their ability to purchase a home. With this tool, consumers can gain a better understanding of their housing affordability factors.
Despite the strong market performance, market forecasts predict a slowing in price growth but no expectation of a price crash. The steady appreciation in home values, currently reported at roughly $224,303, is expected to continue with modest increases of 1.5-2% in 2025, despite higher mortgage rates and increased inventory.
Homes in Kentucky are currently spending about 40 days on the market, indicating a relatively fast turnover. Inventory levels are better in later months like October, with July showing very fast market movement, suggesting that competition remains high.
For more information and to access the Purchasing Power Calculator, visit kyhousingfacts.com. It is important to note that the data presented in this report is subject to revision.
In May 2025, the median sales price for properties sold was $279,000, with the average number of days properties stayed on the market at 13 days. The total number of listings sold in May was 4,444, marking a 7.6% increase compared to the previous month. The number of new listings in May 2025 was 6,670, a 6.3% increase compared to the previous month.
The data for this report was sourced and aggregated from participating Kentucky Realtors member board content as of June 15. It is essential for potential buyers to stay informed and make informed decisions when navigating the dynamic real estate market.
- The strong growth in the Kentucky real estate market in May 2025, as indicated by the median home price of $279,000 for properties sold, extends to both the residential and commercial sectors.
- Josh Summers, CEO of Kentucky Realtors, noted that the increasing number of new listings and listings sold, including commercial properties, have contributed to the total sales volume of $1.43 billion in May 2025, a 13.5% increase from the previous month.
- With the average number of days properties stay on the market at 13 days in May 2025, and a total of 4,444 listings sold during this period, it's crucial for investors to keep a close eye on the Kentucky housing-market trends to make well-informed decisions in the realm of real-estate finance.
