The Kentucky housing market continued its strong start despite March being the beginning of the “COVID-19 season”.
March home sales were up 3.6% over last year cresting at 4,194 (up from 4,048). Sales volume in March continued to climb, reaching $884.7 million. This bested the March 2019 figure of $773.9 million by nearly 15%.
Nationwide existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 8.5% from February to a seasonally adjusted annual rate of 5.27 million in March.