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Kentucky Housing Market Hits the Brakes

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Frankfort, KY, August 26, 2021 –(PR.com)– Sixty percent of Kentucky REALTORS® expect houses to stay on the market for longer over the next twelve months, according to the July 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-nine percent of the 292 REALTORS® from across Kentucky expect greater price-cutting by sellers over the next twelve months.

Banner: https://housingiq.wainstreet.com/202107-housingiq-kentucky-confidenceindex-banner/

The headline HousingIQ/Kentucky REALTORS® Confidence Index dropped six points to 38.4. A value of 100 corresponds to all respondents agreeing that market conditions will improve, while a value of 50 corresponds to respondents anticipating no change in market conditions. The Price Expectation sub-index decreased 2.6 points on top of last month’s over ten-point drop. The Buyer Power sub-index jumped 11.8 on top of last month’s thirteen-point increase.

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