Tag: HousingIQ Survey of Kentucky REALTORS

Kentucky Housing Market Heats Up
Houses to sell faster as foot traffic picks up

Thirty-two percent of Kentucky REALTORS® anticipate more houses to sell above the asking price over the next twelve months, according to the January 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-six percent of the 265 REALTORS® from across Kentucky, reported a decrease in the number of motivated sellers compared to last Fall.

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Kentucky Housing Market Starts Year On Strong Note
Buyers grapple with affordability as homeowners confront financial uncertainty

Fifty-three percent of Kentucky REALTORS® anticipate higher sales volume over the next twelve months, according to the December 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Sixty percent of the 242 REALTORS® from across Kentucky, anticipate an increase in short sales over the next twelve months.

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Kentucky Home Price Growth To Moderate
Buyers getting priced out of the market, and sellers pulling back because of economic concerns

Forty-two percent of Kentucky REALTORS® said that rising prices had forced their buyers out of the market, according to the November 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-nine percent of the 261 REALTORS® from across Kentucky said that their sellers had pulled back because of economic uncertainty.

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Kentucky Housing Market Cooling Off
Sellers reducing prices amidst concerns about COVID-19 resurgence and priced out buyers exiting market

Thirty-four percent of Kentucky REALTORS® said their sellers were reducing prices to attract buyers, according to the October 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Twenty-eight percent of the 324 REALTORS®, from across Kentucky, said renewed fears of COVID-19 were dampening buyer interest.

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Kentucky Housing Market Showing Early Signs Of Cooling
Houses anticipated to stay on market for longer as fewer houses expected to sell above asking price

Twenty-nine percent of Kentucky REALTORS® reported that tightening mortgage standards were discouraging their buyers, according to the September 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Twenty-eight percent of the 204 REALTORS®, across Kentucky, expect an increase in the number of price reductions.

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Kentucky Home Price Growth To Moderate
Bidding Wars Discouraging Buyers
Potential Sellers Opting To Refinance

Fifty-eight percent of Kentucky REALTORS® reported that some of their sellers were opting to refinance instead of selling, according to the August 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Eighty-seven percent of the 264 REALTORS® from across Kentucky, reported that the bidding wars were discouraging some of their buyers.

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Kentucky Home Price Growth To Moderate
Potential Sellers Held Back By Inability To Buy Another Home

Sixty-eight percent of Kentucky REALTORS® said that the pent-up demand from spring had not eased up and demand was now stronger than this time last year, according to the July 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Only two out of five of the 336 REALTORS® from across Kentucky, expected home prices to increase more than the last twelve months.

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Kentucky Homebuyer Enthusiasm To Push Prices Higher
Slower Pace of New Listings Forcing Bidding Wars

Forty-five percent of Kentucky REALTORS® said that a greater number of their buyers were returning to the market according to the June 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Sixty-five percent of the 344 REALTORS® from across Kentucky reported that their buyers were not expecting lower prices.

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Kentucky Homebuyers Bid Up Prices as Sellers Hold Back

Over three out of five Kentucky REALTORS® – 61% – said that their sellers were holding back listings due to current economic uncertainty, according to the May 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Almost 60% of the 374 REALTORS® from across Kentucky reported that their buyers had started to return to the market.

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Kentucky Homebuyers Retreat as Sellers Hold Firm

Nearly three out of four Kentucky REALTORS® – 73% – said their sellers had not reduced listing prices to attract buyers according to the April 2020 edition of the HousingIQ Survey of Kentucky REALTORS®.  70% of the nearly 600 REALTORS® from across Kentucky reported that their buyers had stopped looking.

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