T
he Bluegrass region's residential real estate market has seen significant growth in the first half of 2025. Total sales transactions rose by 8% year-over-year, with a total value of over $2.1 billion, up from $1.9 billion in the same period last year.

    In June, sales reached an all-time high of $461 million, a 11% increase from the previous year's $414 million. The median home price also hit a record high of $299,900, a 3% jump from the previous year's $290,000 and just a 1% increase from May's previous record.

    Single-family homes saw a 6% price increase to $300,000 in June, while townhouses and condos rose by 6% to $260,500. Home sales surged 8% year-over-year, with 1,328 transactions in June compared to 1,234 last year.

    New construction sales also experienced a significant boost, reaching the fourth highest level in 59 months and the fifth highest total since late 2009. Pending sales increased for the fourth consecutive month, jumping 13% year-over-year to 1,387 homes under contract.

    According to Bluegrass Realtors President Todd Hyatt, "All of the major housing categories are up in June, which hasn't happened in a while." He notes that buyers have an opportunity to build wealth as many others have done, with prices continuing to climb and homeowners seeing increased equity through their property investments.