Kentucky Housing Facts
from Kentucky REALTORS®
REALTORS® are here to guide and protect you and your family every step of the way.
In Kentucky, more than 13,400 professional REALTORS® are serving their clients diligently and working to preserve and enhance the rights and privileges of private property owners.
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YOUR COMMUNITY
DECEMBER STATS
$265,000
Median Sale Price
Kentucky Stats
Kentucky’s real estate market data presents a nuanced picture of the current real estate market in Kentucky,
marked by fluctuations in sales volume, listing activity,
and price adjustments.
Kentucky REALTORS® Chase and Sharon - Buyer Testimonial
Kentucky REALTORS® Chintan and Kush - Buyer Testimonial
Kentucky REALTORS® Jannah and Paula - Buyer Testimonial
Kentucky REALTORS® Sean and Paula - Buyer Testimonial
Kentucky REALTORS® Nika and Dawn - Buyer Testimonial
Kentucky REALTORS® Davis and Boyer - Buyer Testimonial
These changes were implemented on
August 17th, 2024
What to know:
NAR Settlement
On
March 15, 2024, The National Association of REALTORS® (NAR) reached an
agreement with plaintiffs that would, if approved by the court, end litigation
of claims brought on behalf of home sellers related to broker commissions. The
Settlement also includes some changes to real estate transactions, but
importantly, consumers will continue to have choices regarding real estate
services.
We encourage
you to review the information below to learn the most up-to-date information
about home buying and selling in Kentucky to guide you on your real estate
journey. Contact a local REALTOR® for more information about the industry-wide
changes and for support with your real estate transaction.
Litigation FAQs
Financing FAQs
Why did NAR enter into this settlement?
From the beginning of this
litigation, NAR had two goals:
- Preserve the choices consumers have
regarding real estate services and compensation.
- Secure a release of liability for
as many of its members, associations, and MLSs as possible.
This proposed settlement achieves
both of those goals and provides a path for industry professionals to continue
working
to preserve, protect and advance the mission of
homeownership for all.
What are
the important terms of the settlement?
NAR agreed to pay $418 million into
the class action settlement fund over 4 years.
NAR agreed to the following rule
changes:
-
Removal of compensation from the Multiple Listing Service (MLS).
-
Require written agreements with buyers before touring a home.
- Agents
working with buyers may not receive compensation in excess of the buyer
agreement.
- Sellers’
agents must obtain written permission from the seller before making any offers
of cooperative compensation.
- Disclosure
on certain legal forms that commissions are not set by law and are fully
negotiable.
