Realtors Association of Southern Kentucky reports strong 2024 real estate market performance
BOWLING GREEN, Ky. – The Realtors Association of Southern Kentucky has announced the market performance for the real estate sector in 2024, showcasing continued resilience and growth.
According to a release, despite economic changes and obstacles, the region’s real estate market “remained active, reflecting robust demand and favorable market conditions for buyers and sellers alike.”
Data from the REALTOR® Association of Southern Kentucky reveals that in 2024, the Southern Kentucky region saw a total of 3,076 residential units sold, reflecting a slight increase compared to the previous year. The total sales volume reached $71,981,667, with the average price per unit increasing by 2.78% to $287,661.
This upward trend demonstrates the continued demand for homes in the area, driven by steady population growth and an influx of buyers seeking a quality lifestyle in Southern Kentucky, according to the release.
Looking ahead to 2025, RASK says it expects continued growth in the market, driven by favorable interest rates and ongoing investment in the region’s infrastructure.
Residential demand is expected to remain strong, and commercial real estate activity is poised to grow with the region’s expanding economy.
2025 RASK President, Gabby Springs, stated, “2024 proved to be another solid year for the real estate market in Southern Kentucky. Despite economic and inventory challenges, there was notable growth across all sectors. Southern Kentucky is continuing to be a desirable place to live and work due to location and the robust investment in our communities. Combine that with improving economic conditions, I feel confident 2025 will be another year of solid growth in our real estate market.”
