Kentucky Real Estate Market Healthy According to Report

TheNational Association of Realtors Local Market Report indicates that home sales in Kentucky and construction growth are much higher in 2010 than the previous year. The report claims that growth for the fourth quarter of 2009 increased 37 percent above the same quarter in 2008 and outpaced the national average. The report also shows that the Kentucky real estate market exceeds the national average in several important trends. Citing Lexington as an example, the report said that the city enjoyed a 1.8 percent jump in home sales in the fourth quarter of 2009 compared to a 4 percent decline overall for the U.S. as a whole. Furthermore, the report suggests that Lexington and other Kentucky real estate markets are quite affordable compared to most markets across the country and continue to outperform the national average. The Builder Market Health Index cited Lexington as the 23rd Healthiest Builder market in the U.S. for 2009. “This is great news for the community. In addition to housing affordability, the real estate industry groups employ thousands of people and provide over 20 percent of Lexington’s economy,” says Todd Johnson, Home Builders Association of Lexington (HBAL) Executive Vice President. Louisville, just down Interstate 64 from Lexington, also compared favorably to the national average and continued to score well in terms of affordability and construction growth according to the report. If you’re thinking about taking advantage of current market conditions and buying or selling Louisville real estate, call Louisville Properties today at 502.744.9504. It offers buyers and sellers a variety of professional services such as flat-fee listings, property management, commercial real estate listings and much more. Call today at 502.744.9504 for all your Louisville real estate needs. Resource link:

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James Powell

Jim Powell has over 20 years of experience buying and selling luxury real estate in Louisville, KY and Managing over hundreds or rental properties across the city.
Jim Powell (License #191501)

Lauren Ghanavatian

Lauren Ghanavatian attended Assumption High School and the University of Louisville. Growing up in Louisville gave her a sense of the unique and diverse communities this city has to offer.

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Louisville Properties is a full service Louisville Real Estate Company for buyers and sellers of real estate. We offer the following services
3418 Frankfort Ave #100 Louisville, KY 40207 Louisville, KY 40207
United States
Phone: 1-502-744-9504

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