Real estate showing activity continued to gain momentum in September, increasing 17% compared with the same month last year and marking seven consecutive months of year-over-year growth. The sustained increase suggests buyers remain interested in the Bluegrass market and are touring available homes.
August inventory extended the streak of year-over-year growth to 34 consecutive months, giving buyers a broader selection of homes heading into the fall market. The number of available homes remained above 4,000 for a fourth consecutive month, the first time that has occurred since the beginning of 2020. August’s inventory of 4,578 homes was 12% higher than the 4,106 homes available a year ago and 4% higher than the previous month. The inventory level is the highest August tally in seven years.
Inventory levels remained above 4,000 homes for a third consecutive month, marking the first time that has occurred since the start of the pandemic in 2020. July’s inventory of 4,399 homes was 10% higher than the 4,002 homes available a year ago, marking 33 consecutive months of year-over-year inventory growth.
Bluegrass Realtors® is pleased to announce Brendan Bailey as the new CEO for the Association and Imagine MLS based in Lexington, Kentucky.
For more than 22 years, local Realtors® in the Somerset-Lake Cumberland region have helped raise money for local organizations through a charity auction held annually, this year in July. Through generous donations, help and support from area businesses, the group has raised over $160,000 during that time.
Sales activity across the region received a boost due to the increases in inventory, pending transactions and new listings coming on the market during the start of the summer, according to data released by Bluegrass Realtors®.
Imagine MLS, a multiple listing service serving close to 5,000 real estate professionals across Kentucky, now provides users with no-cost floor plans with measurements through CubiCasa, a leading global real estate software company.
Bluegrass Realtors® has awarded $10,000 in grants to local charitable organizations. This funding comes as part of the Association’s Community Education and Outreach Committee’s goal of helping organizations across the 38-county jurisdiction. Ten organizations received $1,000 each as part of the Good Neighbor Grants program.
