Kentucky Home Sale Trends from 2022
Are you trying to figure out if now is the right time to sell your home? If you have held on to your house for a long time, it has probably gone up significantly in value. You can take advantage of the increase in value if you are willing to sell your house. At the same time, you need to figure out if now is the best time for you to sell your home. That means that you might want to take a look at some of the top housing trends in Kentucky during the past year.
What are some of the most important numbers from 2022 that you need to know?
The Median Sale Price Has Gone Up
During the past 12 months, the average sale price of a house in Kentucky has increased between 5%–6%. This means that there is a good chance that your house has gone up in value during the past year.
On the other hand, if you take a look at what has happened during the past few months, the average sale price of homes in Kentucky has actually started to go down. This is being driven by rising interest rates, which is making it harder for people to afford a home loan. As a result, there are not as many people who are looking for houses, which is driving down demand for the homes on the market.
Therefore, if you want to capitalize on the value of your house, you may want to sell your house now before the price drops any further.
The Number of Homes Sold Has Gone Down
In addition, the number of homes sold has gone down as well. While more than 2,500 homes have been sold in Kentucky during the past 12 months, this number has dropped by about 27%. This is an indication that there are not as many houses on the market or that there are not as many people interested in buying homes.
Regardless, there might not be a lot of competition on the market right now, so you may have an easier time finding a buyer because not as many people are interested in selling their homes.
The Median Time on the Market Is Going Up
The average amount of time that it takes a house in Kentucky to sell is going up as well. Right now, homes in Kentucky are sitting on the market for an average of 47 days. During the past 12 months, this number has increased by approximately 7 days.
This might sound like a long time to you, but there are ways for you to sell your house fast. If you want to sell your house as quickly as possible, what is the best way for you to do so?
How Can You Sell Your House Fast?
If you would like to sell your house as quickly as possible, you need to tell your house to a cash home buyer. Some of the reasons why you might want to sell your house to a real estate investor include:
- A real estate investor can give you cash for your home, which means that you can save money on real estate agent commissions and closing costs.
- You do not have to worry about a real estate investor working with a lender, which means you can get to the closing table faster.
- You can ask for an offer on your house today instead of waiting for offers to come to you.
If you want to sell your house fast, count on Blue Chicken Investors.
Call Blue Chicken Investors to Get a Cash Offer for Your Home
If you want to sell your house as quickly as possible, you need to get a cash offer for your home today. At Blue Chicken Investors, we can provide you with a cash offer for your house as quickly as possible. We can get you to the closing table quickly while helping you save money on potential closing costs and agent commissions. If you are ready to see how much money your house is worth, give us a call today to speak to a member of our team.