Local insights for better decisions.
Thirty-eight percent of Kentucky REALTORS® expect house prices to fall, while seventy-seven percent expect houses to stay on the market for longer, according to the May 2022 edition of the HousingIQ Survey of Kentucky REALTORS®.
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Forty-three percent of Kentucky REALTORS® expect more sellers to reduce their asking price, while fifty-eight percent expect a house to stay on the market for longer, according to the April 2022 edition of the HousingIQ Survey of Kentucky REALTORS®.
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Hopeful homeowners who are already struggling with low inventory and higher prices must now confront an additional challenge: investors.
Real estate professionals are noting investor interest in homebuying has been on an upward trend for months. According to the numbers tracked by the HousingIQ Survey of Kentucky REALTORS®, 31% of the respondents in the January survey said investors had outbid their individual buyers. By the February survey, 42% of the respondents reported the occurrence. By March, responses indicated an 18-point jump since the beginning of the year, with 49% of the respondents saying that investors had squeezed out individual buyers.
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Forty-eight percent of Kentucky REALTORS® expect houses to stay on the market for longer, while thirty-three percent anticipate less foot traffic, according to the March 2022 edition of the HousingIQ Survey of Kentucky REALTORS®.
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Thirty-four percent of Kentucky REALTORS® say more houses will sell above the asking price, while thirty percent anticipate an increase in foot traffic, according to the February 2022 edition of the HousingIQ Survey of Kentucky REALTORS®.
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Two out of five Kentucky REALTORS® say buyers are rushing to beat mortgage rate increases while REALTOR® expectations of house price growth continue to moderate, according to the January 2022 edition of the HousingIQ Survey of Kentucky REALTORS®.
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A majority of Kentucky REALTORS® expect an increase in sales volume in the next year even as house price growth expectations ease, according to the December 2021 edition of the HousingIQ Survey of Kentucky REALTORS®.
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Kentucky REALTORS® expect an increase in sales volume in the next year even as the market continues to turn buyer-friendly, according to the November 2021 edition of the HousingIQ Survey of Kentucky REALTORS®.
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Although economic concerns are tempering homebuyer enthusiasm, anticipated increases in home purchases by corporate investors will help hold the housing market steady in Kentucky, according to the October 2021 edition of the HousingIQ Survey of Kentucky REALTORS®.
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Sixty-seven percent of Kentucky REALTORS® anticipate an increase in home purchases by investors, according to the September 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-four percent of the 243 REALTORS® from across Kentucky expect house prices to increase over the next twelve months, while forty-nine percent expect greater price cutting.
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