HousingIQ Survey of Kentucky REALTORS® – March 2021

Kentucky Home Price Growth To Moderate On Low Inventory
Opportunity for single-family rental investors as first-time buyers get priced out

Fewer than two in five Kentucky REALTORS® expect house price appreciation to exceed that of the last twelve months, according to the March 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Less than one-half of the 337 REALTORS® from across Kentucky, expect their sales volume to increase over the next twelve months.

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HousingIQ Survey of Kentucky REALTORS® – February 2021

Kentucky Housing Market Roars Into Spring
Hot sellers market to worsen buyer affordability challenges

Fifty-two percent of Kentucky REALTORS®anticipate more houses to sell above the asking price over the next twelve months, according to the February 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-five percent of the 231 REALTORS® from across Kentucky, said buyers were dropping out because of high prices.

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HousingIQ Survey of Kentucky REALTORS® – January 2021

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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HousingIQ Survey of Kentucky REALTORS® – December 2020

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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HousingIQ Survey of Kentucky REALTORS® – November 2020

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 Attracts Out-Of-State Homebuyers

Nearly 2 out of 5 REALTORS® say there is greater interest from out-of-state buyers.
Homebuyers from the West and Northeast represent the largest group.

The Bluegrass state’s lower cost-of-living, comparatively more affordable housing, and convenient location to Cincinnati, OH, Nashville, TN, and St. Louis, MO likely make it an attractive destination as working remotely becomes more widespread.

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HousingIQ Survey of Kentucky REALTORS® – October 2020

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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HousingIQ Survey of Kentucky REALTORS® – September 2020

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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HousingIQ Survey of Kentucky REALTORS® – August 2020

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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