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

AUGUST STATS

$265,000

Median Sale Price

13

Days on Market

$1.33B

Dollar Volume

4,256

Sales Count

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.

October 2023 Feb 2024 JUNE 2024 May 2024 Jan 2024 Sept 2023 April 2024 Dec 2023 August 2023 March 2024 Nov 2023 July 2023

Resources for Consumers

KYR has compiled a variety of resources to help you better understand the settlement
and the changes necessary to implement it.

REALTOR Fact Sheet

Homebuying Fact Sheet

Open House Fact Sheet

Settlement FAQ

Kentucky REALTORS® Chase and Sharon- Buyer Testimonial

Kentucky REALTORS® Chintan and Kush- 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.