Each month, Pam Jury, Principal Broker at Christie's International Real Estate Bluegrass, analyzes the local real estate market in Central and Southern Kentucky and breaks down the data. In May 2025, we're seeing positive trends and continued confidence.
The market in May 2025 tells a compelling story of resilience and strength. While the number of units sold dipped slightly year-over-year to 1,347, the overall market value continued to climb. In fact, total sales volume rose by just over 8%, and the median sales price jumped more than 8%, landing at $299,000. This steady price growth points to continued confidence and demand in our market, despite fewer closings on record.
Homes are still moving quickly, though not quite at last year’s pace. The median number of days on market inched up by 3%, now sitting at just 13 days—a reminder that well-prepared, well-priced listings are still attracting buyers swiftly.
One of the most promising signs is the jump in pending sales, which have risen by more than 8% from last May to 1,411. That forward-looking number indicates we can expect strong activity into early summer. Closed listings also saw an increase, with 1,788 properties reaching the finish line last month.
When we examine how the market is performing geographically, Lexington holds the top spot for median sales price, followed by Georgetown. Nicholasville stands in third, but is the standout for price growth this month with the greatest increase in average sale price, now reaching an impressive $370,000.
All signs point to a market that remains active, competitive, and growing in value. As we move into the summer months, the energy remains high, and the opportunities are there for the taking.