Despite pandemic, housing market in central Kentucky sky rockets
and last updated 2020-12-31 19:45:12-05
LEXINGTON, Ky. (LEX 18) â Despite the COVID-19 pandemic, the housing demand has skyrocketed in central Kentucky.
Houses in Lexington are on the market one minute and gone the next. I ve had some this spring and summer and early fall, they re not lasting 24 hours. They re not lasting 12 hours, Devon Ramage, Lexington Real Estate Agent at The Brokerage, said.
Ramage says the most popular houses on the market are in the $150,000 to $300,000 range. Low interest rates and low inventory is causing it to be ultra-competitive, despite COVID-19. It s very frustrating when you re trying to get families into a home, and shoot, we have to wait two hours before the showing, well it went pending within those two hours. So we cancel the showing. Or we go in and make an offer and then and we get beat out because there s seven other offers, Ramage said.