T
he Realtors Association of Southern Kentucky has released its market performance report for 2024, highlighting a resilient and growing real estate sector. Despite economic fluctuations, the region's market remained active, driven by robust demand and favorable conditions for both buyers and sellers.

    According to data from RASK, the Southern Kentucky area saw 3,076 residential units sold in 2024, a slight increase from the previous year. The total sales volume reached $71,981,667, with an average price per unit rising 2.78% to $287,661. This upward trend indicates sustained demand for homes in the area, fueled by steady population growth and an influx of buyers seeking a quality lifestyle.

    Looking ahead to 2025, RASK predicts continued market growth driven by favorable interest rates and ongoing infrastructure investment. Residential demand is expected to remain strong, while commercial real estate activity is poised to expand with the region's growing economy.

    RASK President Gabby Springs notes that 2024 was another solid year for Southern Kentucky's real estate market, despite economic and inventory challenges. The region's desirability, driven by its location and community investment, combined with improving economic conditions, positions it for continued growth in 2025.