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By Bob Sophiea

Founder and CEO of New Home Collective, established the company in 2014 with a mission to revolutionize the real estate industry.

Central Kentucky’s Strongest Cash Offers. No open houses, no staging, no repairs. Just a fair, all-cash offer. Get a Cash Offer

What’s happening in our housing market? Recently, there’s been an increase in new listings and pending sales, with the average sales price also going up. There is also a trend towards new construction compared to last year. Today, new listings and pending sales for new constructions have significantly decreased along with a drip in average sales price. Could this mean that this is a sign for potential buyers to look for new construction homes?

Listen to the video above to hear the whole market update or skip to a topic that interests you by using the timestamps below:

0:00 — Introduction

0:37 — Central Kentucky Market Overview

2:01 — Lexington Market Overview

3:21 — New Construction Insights

5:55 — Personalized Market Data

6:56 — Additional Real Estate Resources

As always, I’d like to hear what you think. Drop a comment below or you can call me at (859) 721-2200. I am looking forward to serving you!