Pandemic-era real estate frenzy hits central Kentucky
and last updated 2021-05-24 19:50:54-04
BOURBON COUNTY, Ky. (LEX 18) â Central Kentuckians are experiencing the effect of the pandemic-era real estate frenzy as the value of homes and demand rise.
Realtor Amy Boone knows because she s been selling homes in Central Kentucky for 15 years. She says the competition for buyers right now is like nothing she s ever seen. There are just so many buyers who are ready and have the financing available but yet there s just not enough inventory, just not enough houses and so buyers are just scrambling, said Boone.
The Lexington-Bluegrass Association of Realtors estimates the average time a home is on the market in the area now is 36 days. That s compared to 59 days just a year ago.