Kentucky Year End 2015 vs Year End 2014
Homes Sold 2015: 48,488
Homes Sold 2014: 46,553
% Change: 4.2%
Median Home Price 2015: $120,460
Median Home Price 2014: $110,167
% Change: 9.3%
Analysis: The demand for homes continues to exceed the supply of homes for sale, causing prices to keep increasing. The good homes are selling quickly, and even the ones with flaws are getting a lot of attention. When will it end? Most likely not until supply (homes for sale) and demand for those homes come closer together.