Top Mega Teams in Kentucky – Ranked by Sides

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Rank – State SidesTeam NameCompanyLocationSidesProfile
1Jay T. Pitts and AssociatesRE/MAX Premier PropertiesLouisville, KY 673.5View Profile
2VZN Real Estate PlatformKeller WilliamsOwensboro, KY 547.9View Profile
3The Win CrewKeller WilliamsBowling Green, KY 229.7View Profile
4Service Plus Re TeameXp RealtyFlorence, KY 215.0View Profile

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2023 Kentucky Housing Market Summary

Kentucky started 2023 with a total of 6,012 single-family homes on the market, with a median home price of $280,000 and an average price per square foot of $160. By the end of the year, inventory had increased to 6,919 homes on the market (+15%), with a median home price of $299,000 (+6%) and an average price per square foot of $172 (+7%).

At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had remained the same at 70 days.

Kentucky started the year with 34% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of Kentucky homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Kentucky started 2023 as a seller’s market, with an MAI score of 44; by the end of the year, the MAI had dropped to 32 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

Housing Market News

Lower mortgage rates attracting more homebuyers 

Sep 16, 2024By

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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