Category: Local Intelligence

Expert commentary about the housing market runs the gamut–crash, correction, drop, worsening decline, unlikely to crash, and don’t worry.

For the rest of us, as we wade through the tail end of the pandemic, witness gravity-defying labor markets, experience inflation rates not seen in four decades, and see unprecedented interest rate hikes, some clarity about the housing market would be helpful.

Perhaps, even about our local market?

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Kentucky Housing Market Is Shifting
Home sellers cut prices as buyers cancel contracts and adjust to the new economic environment.

Seventy-three percent of Kentucky REALTORS® expect sellers to drop their asking price, while eighty-nine percent expect houses to stay on the market for longer, according to the July 2022 edition of the HousingIQ Survey of Kentucky REALTORS^®.

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Kentucky Housing Market Starts Cooling Off
Higher mortgage rates discourage buyers as sellers rush to beat the slowdown.

Sixty-nine percent of Kentucky REALTORS^® expect sellers to drop their asking price, while eighty-five percent expect houses to stay on the market for longer, according to the June 2022 edition of the HousingIQ Survey of Kentucky REALTORS^®.

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Kentucky Housing Market At Tipping Point
Economic concerns and rising rates weigh on buyers.

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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Kentucky Housing Market Cools Off
Relief for buyers as sellers reduce prices and inventory inches up

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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Housing Market Cooling Down Say Kentucky REALTORS^®
Spiking mortgage rates price buyers out of the market, creating opportunities for investors

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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Kentucky REALTORS^® Anticipate Hot Spring Market
Demand from investors to fuel bidding wars as supply remains at historic lows

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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Kentucky REALTOR^® Confidence Inches Up In January
Sellers eager to cash in as buyers rush to lock in rates

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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Kentucky REALTOR^® Confidence Holds Steady In December
Softening homebuyer demand to rein in price growth

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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